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Evening Standard

Business

Daniel O'Boyle

Why is the UK’s inflation rate still higher than other wealthy countries?

United Kingdom Inflation United States Ruth Gregory European Union eurozone Brexit

As Chancellor a year ago, Rishi Sunak stressed the global nature of inflation to underline how it would take time to bring prices back under control.

But today, the UK seems to stand further and further adrift from its economic peers. In the G20 table of inflation, the UK sits in the relegation zone, ahead of only Turkey and Argentina.

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