BBC News published this video item, entitled “Why does Britain have the worst inflation in the G7? – BBC Newsnight” – below is their description.
The Bank of England is watching UK inflation carefully, and the latest official figures show that inflation slowed in April by less than expected to 8.7%.
Britain’s ‘core inflation’ – a measure which doesn’t include volatile components such as energy and food – is the highest of the G7 countries at 6.8% and is going in the wrong direction.
Nationwide building society has warned that rises in mortgage interest rates – closely tied to increases in the Bank of England’s rate that has been raised to try and control inflation – could hit the housing market.
So why is inflation in the UK so stubborn compared to similar countries? Newsnight’s Economics Editor Ben Chu reports.
BBC News YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
