UK to suffer highest inflation in G7 this year, says OECD

International body warns British rate will be higher than that in US, despite effects of Trump tariffs

The UK is expected to suffer the highest inflation among G7 nations this year, the Organisation for Economic Co-operation and Development has said.

Amid resurgent food prices, with some retailers blaming the UK government's 25bn-a-year increase in employer national insurance contributions (NICs) for pushing up costs, the OECD predicts that inflation in the UK will average 3.5% in 2025.