Sunday, 24 October 2021 10:02 GMT

UK: Inflation to continue to be higher for 2 years


(MENAFN) A key global agency has expected that prices in the G20 group of main economies will expand rapidly than pre-coronavirus for over two year.

Paris-based policy forum the OECD noted that higher commodity prices and shipping expenses are increasing inflation.

The OECD added that the UK is predicted to have inflation running at around 3 percent at the end of the coming year, the highest rate of the advanced economies.

By contrast, inflation is projected to decline in the US, France, and Germany.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.