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- UK inflation set to peak higher and remain stickier We now see UK CPI inflation peaking at 7.5% in April and remaining higher throughout 2022. But inflation should retreat next year, and we see the odds of a scenario where the UK shifts to a higher inflation regime as low.
www.oxfordeconomics.com/resource/united-kingdom-inflation-set-to-peak-higher-and-remain-stickier/
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May 24, 2023 · At 8.7% in the UK, inflation is higher here than in France, Germany and US. The UK has the highest core inflation in the G7 and now the highest food inflation too. There are some timing...
Jun 22, 2023 · UK inflation has been stoked by a double whammy of drivers – a US-style labour supply squeeze and a euro area-style energy and food price shock, contributing to stickier-than-expected inflation. One major transmission mechanism of UK monetary policy is through the housing market.
May 24, 2023 · A smaller-than-expected drop in UK headline inflation has left financial markets pencilling in higher interest rates, while spiralling food prices are piling on the agony for families struggling...
- Darren Dodd
Mar 22, 2023 · The UK economy remains more dependent on gas prices, directly, and as a factor for electricity prices too. But this "stickier" inflation is exactly in line with what would have been predicted.
The UK energy price cap helped drive inflation in the UK. Mehreen Khan explains that there were a confluence of factors behind the UK’s inflation rate.
Jul 19, 2023 · Even after the drop—the second-largest month-to-month fall in inflation this century—Britain remains an outlier. Its 7.9% reading is the highest in the G 7 group of large rich countries.
the UK appears to have stickier wage and price inflation, and more persistent effects of food price shocks. UK inflation in 2021 is explained by shortages and energy price shocks, and in 2022 and 2023 also by food price shocks and labour market tightness. Inflation expectations have been more well-anchored than predicted by the model.
