UK's rate of inflation 'highest amongst leading economies', data suggests

Figures published by the Organisation for Economic Co-operation and Development (OECD) have suggested that the UK has the 'highest rate' of inflation amongst top economies around the world.

05 Oct 2017

Figures published by the Organisation for Economic Co-operation and Development (OECD) have suggested that the UK has the ‘highest rate’ of inflation amongst top economies around the world.

Rising food and fuel costs have helped to increase prices in the UK, with inflation rising at a faster rate than inflation in other G7 countries, including the US, Germany, France and Japan.

The latest figures from the OECD show that the UK’s rate of inflation reached 2.9% in August, up from 2.6% in July. Experts in the UK have warned that inflation is outpacing wage growth.

Of the 35 developed OECD nations analysed, the UK’s inflation rate is only marginally lower than the rates of inflation in Turkey, Mexico, Latvia and Estonia.

Since the Brexit vote, sterling has steadily depreciated, helping to increase the costs of imports, energy and services. 

Meanwhile, inflation across all OECD nations remained stable at 1.8%.

Quick Links

Home | Contact us | Accessibility | Disclaimer | Help | Site map |

© 2018 Blue Spire Limited. All rights reserved.

We use cookies on this website, you can find more information about cookies here.

Contact Chichester Office

Tel: +44 (0)1243 781234
Fax: +44 (0)1243 791770
Email: chichester@bluespiregroup.com


Contact Brighton Office

Tel: +44 (0)1273 739533
Fax: +44 (0)1273 732844
Email: brighton@bluespiregroup.com

Chichester Address
Cawley Priory, South Pallant, Chichester, West Sussex PO19 1SY

Brighton Address
5th Floor Intergen House, 65-67 Western Road, Hove, East Sussex BN3 2JQ

Blue Spire Limited is Registered to carry out audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales C004152645. Professional indemnity insurance is provided by Royal & Sun Alliance Insurance Plc 9th Floor, One Plantation Place, 30 Fenchurch Street, London, EC3M 3BD and its territorial coverage is worldwide (excluding United States/Canada).
Blue Spire Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. FSA register https://www.fca.org.uk/register reference 566257. This guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at customers based in the UK