Analysis: Why is UK inflation so high?

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Britain's unwanted status as the only large advanced economy still to have double-digit inflation represents just one symptom of the serious economic malaise faced by the country.

Annual consumer price inflation in Britain fell to 10.1% last month but defied forecasts for a bigger drop from February's 10.4%, according to data published on Wednesday.

Five pounds in Britain today will only go as far as four pounds did in 2019 - a rate of inflation unmatched by other Western European countries over the same period. "The overarching difference that stands out is one of timing of energy support. It's clear this is having a massive impact," said Sandra Horsfield, an economist at Investec.

Nonetheless, energy inflation in Britain is likely to follow the euro zone and fall sharply from April as the surge in prices seen last year starts to drop out of the annual comparison.

 

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Until they can no longer burn their saving, it gonna stay for a while

Hungary won again 25.2%

Standards beed to be met?!?!?!

Just a wild guess, but could Brexit possibly be something to do with it?

Brexit

Is it Biden’s fault?

Because Tesco and every other vampire company wants a bigger cut and is using the current moment to point at every other problem to misdirect the public.

Brexit…conservatives lied and their supporters bought it as always

Rhymes with Wrecks It

Because of your climate hoax propaganda

Coz stupidly, weve given everything to the Ukraine...

to pay for the war in ukraine and russia. this is not rocket science

Too much socialism.

It's a six letter word that starts with B and ends with T.

Biden

Because socialism is a failure. Any process with a middleman has unnecessary overhead.

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