BEAMSTART Logo

Why UK inflation will stay higher for longer than in other nations

Financial Times LogoFinancial Times1 mo ago

Why UK inflation will stay higher for longer than in other nations

Quick Summary AI Powered

Paul Dales, chief UK economist at research group Capital Economics, expects UK inflation to peak beyond the 10 per cent mark this autumn.

Andrew Bailey changed his tone on inflation this week, making it clear that the Bank of England would act to curb pressure from UK prices that are expected to stay higher for longer than in other countries.

Tell us via a short survey.“It can lock in lower [energy] prices or, in the situation that we’re currently in, lead to significant jumps in CPI that don’t have any run-off point.


More Pictures


or

Article Details

Author / Journalist: Nick Peterson

Category: MarketsFinanceInvesting

Topics: Cent Labour Inflation Price Energy Eurozone Market Dales Prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 17:11:00

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 6 minutes read

Article Length: 1033 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 23432

View Article Analysis

About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 16 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.