Create a new high in 40 years!The inflation rate in Britain in May was 9.1%, ranking first in the G7 countries
Author:Global Times Time:2022.06.23
According to Reuters, data released by the National Bureau of Statistics on the 22nd show that soaring food prices have promoted the British consumer price index (CPI) to 9.1%in May. In the past high, Reuters has speculated that this is currently the highest among the seven -Kingdoms Group (G7) countries.
Data show that the British consumer price index in May reached the highest value since March 1982. According to Reuters, it may be worse in the future.
Reuters mentioned that, as one of the weakest currencies this year, the exchange rate of the pound against the US dollar fell 0.6%on the day, falling below $ 1.22, and then picked up.
It is reported that some investors have judged that the British economy is facing the risk of continuous inflation and continuous inflation and decline, which reflects the huge energy import expenditure of Britain and continuous economic and trade frictions related to "Brexit". trade relations.
British food price increase source: visual China
"Under the circumstances that the economic prospects are so unclear, no one knows to what extent the inflation will be high and how long it will last, which has caused decisions to make decisions on fiscal and monetary policy." Economist Jack Lesley said.
Earlier on Wednesday, the Foundation pointed out that the Brexit "Brexit" exacerbated the cost of living in British families and had a long -term impact on productivity and wages.
Among the Seventh Kingdoms (G7) countries, the overall inflation rate in Britain in May was higher than that of the United States, France, Germany and Italy. Although Japan and Canada have not yet announced the consumer price index in May, neither of them is unlikely to approach the current level of Britain.
The Bank of England Bank of England said last week that the inflation rate in the UK may remain above 9%in the next few months, and then reached a peak of 11%in October.
Reuters mentioned that in May, the price of British food and non -alcoholic beverages increased by 8.7%year -on -year -this is the biggest increase since March 2009, becoming the biggest push factor for high inflation.
In addition, the National Bureau of Statistics of the United Kingdom stated that in May, the cost of the British factory for raw materials and energy payment increased by 22.1%compared with the same period last year, which is the largest increase since the record in 1985. This cost is the key decisive factor for the latter to face the consumer's commodity prices.
(Edit: ZLQ)
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