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- Britain has struggled more than other countries with the surging cost of food, a shortage of workers to fill jobs and its heavy reliance on natural gas to generate power and domestic heating, all of which adds to inflation pressure.
www.reuters.com/world/uk/why-is-inflation-so-high-uk-2023-06-21/
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Dec 20, 2023 · The UK's inflation rate has fallen to the lowest level in more than two years, but the cost of living is still rising faster here than in most of the world's advanced...
Jun 21, 2023 · Britain's measure of underlying inflation that excludes volatile items, such as energy and food, took investors by surprise by accelerating for a second month in a row in May, hitting 7.1%, up...
Dec 20, 2023 · The UK's inflation rate has fallen to the lowest level in more than two years, but the cost of living is still rising faster here than in most of the world's advanced economies.
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.
Mar 23, 2022 · UK consumer price inflation has risen sharply in recent months, driven by a broad range of items, with particular pressure coming from food, durables, consumer goods and energy. Energy, motor...
- Kathryn Keane
Nov 15, 2023 · New data has shown that there's been a sharp fall in UK inflation down to 4.6%, the lowest rate for two years. That doesn't mean prices of things are going down.
Recent high inflation in the UK was driven primarily by higher costs. Covid-induced supply shortages, the invasion of Ukraine and lack of workers post pandemic all led to ‘cost-push’ inflation. As interest rates influence the amount of spending in the economy, higher ones can neither stop these things from happening nor immediately prevent ...
