The article appears very weighted against the UK, perhaps against Westminster, but this article may offer some stats for a balanced view on the struggles of countries...
"And if you compare the current rate with our closest neighbours, the UK’s CPI is at the upper end of the scale.
However, it is not as extreme as Spain (6.1%), the Netherlands (6.4%) or Belgium (7.59%) and only sits 0.2% above the EU average."
The UK government has repeatedly said the cost of living crisis is a ‘global issue’ - so how do inflation rates compare in other countries?
www.nationalworld.com
As we know, the UK is not part of the EU Zone any longer and currently has a lower inflation rate:
"Eurozone consumer prices rose by a record 5.8 per cent in February"
ECB calls February figure ‘a negative surprise’ as it confronts dilemma over when to adjust monetary policy
www.ft.com
"The annual inflation rate in the US accelerated to 7.5% in January of 2022."
Inflation Rate in the United States increased to 3.20 percent in February from 3.10 percent in January of 2024. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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