why it's very unlikely to get back below 2% for years to come
- Written by Alexander Tziamalis, Senior Lecturer in Economics, Sheffield Hallam University
Inflation in the UK and eurozone is still getting worse. UK prices rose a whopping 10.1% in July compared to a year earlier, while those in the eurozone went up 8.9% – breaking longstanding records in both places. Contrast this with the equivalent data from the US a few days earlier, where the 8.5% rate was lower...