London’s Economy Today editorial June 2023 June 30th, 2023 by Daryl Rozario, Gordon Douglass, Mike Hope, and Jasmine Farquharson Inflation remains stubbornly high in the UK Data published by the Office for National Statistics (ONS) this month showed that annual Consumer Price Index (CPI) inflation stood at 8.7% in May unchanged from April (Figure 1). This rate was unexpected by most economists with a poll by Reuters showing that most expected a lower inflation…
London’s Economy Today editorial – August 2022 August 25th, 2022 by Daryl Rozario, Gordon Douglass, Jasmine Farquharson, and Mike Hope Inflation rises strongly again Annual UK Consumer Price Index inflation (CPI) rose to 10.1% in July, up 0.7 percentage points from the June rate of 9.4%, according to the Office for National Statistics (ONS). This is the highest rate of inflation since 1982, according to ONS modelling. Rising food and non-alcoholic drink prices made the…
