UK faces highest inflation in G7 this year and next, IMF warns

According to fund's World Economic Outlook, Britain is on course to average 3.4% this year and 2.5% in 2026

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Consumers in the UK are expected to suffer the highest inflation in the G7 group of leading economies this year and next, the International Monetary Fund has warned.

As policymakers gathered in Washington for its annual meetings, the IMF said prices would rise in Britain at a faster pace in 2025 and 2026 than it had originally forecast at its last update in July.