Why does the UK have the highest inflation in the G7?
This Is Why
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The Importance of Food Prices
Inflation is still stubbornly above 10% despite forecasts that it would drop down to single digits in March. It's partly because of the big drivers in this are really volatile items like food and energy prices. And they can swing wildly from month to month, which is why economists are having trouble forecasting inflation. The Bank of England is probably going to act pretty aggressively to bring inflation down. But most economists think that inflation is still on track to fall considerably.
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