UK News
Insights from the UK and beyond
from MacroScope:
Rip-off Britain in effect
While most of the developed world frets about deflation, in Britain, inflation just won’t quit.
The Bank of England has been forecasting a sharp fall in consumer price inflation for about as long as Britons have hoped for a summer of uninterrupted sunshine. But at least Britons are still betting on a fair amount of rain.
UK inflation was 3.2 percent in June, a slight fall from the month before, but still 1.2 percentage points above the central bank’s target rate.
“Another big shocker,” said one economist. “Yet another depressing month,” said another.
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The Wall
