UK has highest inflation rate among world’s top economies, says OECD

Rising cost of imports such as food and fuel since Brexit vote is pushing prices to rise at faster rate than anywhere in G7

The UK has the highest inflation rate among the world's top economies, in the latest sign the Brexit vote is contributing to a squeeze on living standards.

The increased cost of importing food and fuel is pushing prices to rise at a faster rate than anywhere in the G7 group of leading global economies, according to the Organisation for Economic Co-operation and Development. The UK is only behind Turkey, Mexico and the eastern European states of Latvia and Estonia in the club of 35 developed nations.

Related: UK construction in contraction for first time since Brexit vote aftermath