Article 6CAMD Why is inflation in the UK worse than in other major economies?

Why is inflation in the UK worse than in other major economies?

by
Phillip Inman
from Economics | The Guardian on (#6CAMD)

While the rate has fallen from its October peak of 11.1%, the figure for May remains stubbornly high

UK inflation remained stubbornly high in May at 8.7% - the same as the previous month - despite a string of forecasts earlier this year predicting a sharp fall in response to tumbling energy prices.

Official figures had been expected to show that the UK's consumer prices index (CPI) eased slightly last month, to 8.4%. But unlike almost everywhere else in the world, that didn't happen.

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