Britain is now the only major economy where inflation is still rising

[gargamon]

LONDON — The U.K. is the only country among the Group of Seven wealthy nations where inflation is still rising, according to data from the Organization for Economic Cooperation and Development.

The Paris-based organization said Tuesday that year-on-year inflation in the G7 fell to 4.6% in May, down from 5.4% in April, reaching its lowest level since Sept. 2021.

 

The downward trend was observed across most advanced economies in May, with annualized inflation ticking lower in the U.S. Canada, France, Germany, Italy and Japan.

Britain, however, was found to be an outlier.

U.K. consumer prices across all items rose to 7.9% in May when compared to the previous year, the OECD said, up slightly from 7.8% in April.

https://www.cnbc.com/2023/07/04/uk-is-now-the-only-major-economy-where-inflation-is-still-rising.html

 

[Goat]

i wonder what % of the 7.9% is a result of the Brexit?

[Yellowtail]

Just now, Goat said:

i wonder what % of the 7.9% is a result of the Brexit?

90% of it. 

[gargamon]

29 minutes ago, Yellowtail said:

90% of it. 

Actually, if the average inflation rate in the G7 countries is 4.6%, and it's 7.9% in the UK, only the difference of 3.3% could be attributed to Brexit. So 3.3/7.9 is approx 42%.