Article preview: Price inflation in the UK is continuing to rise, with the official measure now higher than the Bank of England target. The Consumer Prices Index (CPI) measure of price inflation rose to 2.1% in the year to May, going higher than the Bank’s 2% target for the first time in two years. Inflation a month earlier was just 1.5%.
Inflation now exceeds Bank of England target
This 53o-word blog post covers the latest ONS inflation figures, now exceeding the Bank of England target of 2%, and includes commentary from the Resolution Foundation and the Institute of Economic Affairs. Written on 16th June 2021.
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