UK faces worst inflation among developed countries – OECD ...News

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UK faces worst inflation among developed countries – OECD
source : Russia Today ( News ) () 73
Consumer price growth in Britain has been driven by soaring fuel costs, a report has said Britain will face one of the highest inflation rates of any major developed economy this year, the Organization for Economic Cooperation and Development (OECD) revealed on Tuesday. UK inflation, which only recently fell to single digits for the first time since last summer, will average 7.2% this year, the Paris-based organization said in its latest Economic Outlook report. The rate of price growth in the UK was the fastest among the Group of Seven (G7) major industrialized nations and the third fastest across the Group of Tw

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