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Edward Thomas Jones, Lecturer in Economics / Director of the Institute of European Finance, Bangor University

Why UK inflation is so high compared to EU and US and what to do about it

European Union United Kingdom Inflation Bank of England United States Catherine Mann Britain Brexit Economy eurozone
Price rises are slowing but inflation remains persistent. Ink Drop/Shutterstock

Britain has a bigger inflation problem than either the US or the eurozone, according to Bank of England policymaker Catherine Mann.

The latest official UK inflation figures show UK price rises have slowed from double digits to 8.7% for the 12 months to April 2023. But this is still above the 8.2% rate forecast by the Bank of England earlier this year.

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