UK Inflation Returns“6Times!

Over the past year, the impact of rising inflation has weakened the purchasing power of the British people, leading to an increase in real income70The largest decline in years has triggered a wave of strikes, paralyzing public services such as the state-owned healthcare system.

In addition, this has also weakened the support of the ruling Conservative Party before next year's election. At the beginning of this year, British Prime Minister Sunac promised to reduce inflation to a low level by the end of the year5%Left and right. At the time of his statement, the inflation rate in the UK was as high as10.7%。

A few minutes after the inflation data was released, Sunak said on social media that the overall decline in the data proves that his government has made progress in combating inflation. Inflation is causing your money to spend less and less, halving the former is my top priority. Senior Officials of the UK Treasury DepartmentJohn GlenThis is from last year2For the first time since the Russia-Ukraine conflict in August, the inflation rate in Britain was lower than7%。

Under the pressure of high interest rates, the British economy showed amazing resilience and avoided the recession feared after the Russia-Ukraine conflict led to soaring food and energy prices. Nevertheless, the rising borrowing costs may still push the island country into a long-term economic contraction.

For some British people, the good news is that wage growth is almost as fast as inflation.

According to statistics released by the Office for National Statistics on Tuesday, as of6During the three months of the month, the average weekly income increased year-on-year7.8%This is from2001The fastest growth rate on record in the year. The unemployment rate is4.2%, higher than the previous three months3.9%。

Although this is good news for the British, it is "bad news" for the Bank of England. Wage pressure may persuade the central bank to continue raising interest rates to prevent a possible wage price spiral.