Almost all OECD nations are also struggling with the last couple percent on the path back to 2%. It looks like it’s the stickiest, and it might require higher reserve rates to tame. Governments spent unimaginably amounts of stimulus money during covid and the economy is still swimming in cash. Inflation won’t be tamed until those reserves are spent.
UK inflation remains unchanged at 4%
Submitted 1 year ago by Fudoshin@feddit.uk to unitedkingdom@feddit.uk
https://www.theguardian.com/business/2024/feb/14/uk-inflation-cost-of-living-crisis
killeronthecorner@lemmy.world 1 year ago
Can I see a single fucking example of food prices dropping?
JasSmith@sh.itjust.works 1 year ago
Food prices are not forecast to drop. They’re forecast to rise, and I believe in excess of average inflation.