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“The consensus among US economists is that headline inflation will have risen from August’s 3.4 per cent to 3.6 per cent or 3.7 per cent, with “core” inflation (excluding energy and food costs) either steady or edging up from 2.5 per cent to 2.4 per cent.”

“Helsinki, which used to rely on Moscow for about a third of its energy, also faced much higher costs as it transitioned to other suppliers.”

“Federal banks across the world have adopted tighter monetary policy amid energy-driven inflation as the war in the Middle East continues.”