How Britain became the G7’s inflation outlier – in one chart

This week’s CPI figures look set to highlight a trend: that prices in the UK seem to rise faster than they do elsewhere

The UK has a longstanding problem with inflation. Since the 2008 banking crash, bouts of inflation felt across the world have sent prices higher in the UK than its G7 rivals.

In July 2009, during the recession that followed the banking crisis, UK inflation was 3.1 points above the G7 average. Two years later, when recovery sent oil prices soaring, it stood about 2% above the G7 average. In March this year, however, it stood a full 3.5 points above the G7 level.

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from The Guardian https://ift.tt/FxLyMOH
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