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Swelling costs triggers highest manufacturer inflation since 1980s

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Swelling costs drove 41 per cent of manufacturers to raise their prices over the last quarter, the highest proportion since 1980, research from Confederation for British Industry has found (Photo by Lennart Preiss/Getty Images)

Manufacturers are hiking prices at the fastest pace in forty years amid a breakdown in supply chains severely squeezing margins.

Swelling costs drove 41 per cent of manufacturers to raise their prices over the last quarter, the highest proportion since 1980, research from Confederation for British Industry has found.

More to follow.