LONDON, April 19 (Reuters) - British finance minister
Jeremy Hunt said on Wednesday that inflation running above 10%
was destabilising for the economy and the government had a plan
to bring it down.
"When inflation is above 10%, it is destabilising for the
economy. It is not a good place to be, ultimately it is
dangerous if you leave it there," Hunt said during an event
hosted by website Politico, adding the tightness of the labour
market was a "significant" factor in driving wage inflation.
Official data published earlier on Wednesday showed consumer
price inflation (CPI) dropped by less than expected to an annual
rate of 10.1%.
(Reporting by Kylie MacLellan and William Schomberg)
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