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UK inflation hits new 40-year high of 9.1%
Posted by: Steve G.
Date: June 22, 2022 09:38AM
I post this because this is obviously JOE BIDEN'S Fault!

UK inflation hits new 40-year high of 9.1% as food and energy price surge persists
[www.cnbc.com]

LONDON — U.K. inflation hit 9.1% year-on-year in May as soaring food and energy prices continue to deepen the country’s cost-of-living crisis.

The 9.1% rise in the consumer price index, released Wednesday, was in line with expectations from economists in a Reuters poll and slightly higher than the 9% increase recorded in April.

Consumer prices rose by 0.7% month-on-month in May, slightly above expectations for a 0.6% rise but well short of the 2.5% monthly increase in April, indicating that inflation is slowing somewhat.

(please pass this info to the next MAGAt you may encounter.)
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Re: UK inflation hits new 40-year high of 9.1%
Posted by: pdq
Date: June 22, 2022 09:43AM
Yeah, inflation is a worldwide phenomenon right now.

It’ll come down, but not fast enough for the average joe.
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Re: UK inflation hits new 40-year high of 9.1%
Posted by: Tiangou
Date: June 22, 2022 09:50AM
Quote
pdq
Yeah, inflation is a worldwide phenomenon right now...

In Japan, the inflation rate is running about 2.5%.

This is a 7 year high.

Their central bank hasn't seen any need to act.



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Re: UK inflation hits new 40-year high of 9.1%
Posted by: pdq
Date: June 22, 2022 10:14AM
Quote
Tiangou
Quote
pdq
Yeah, inflation is a worldwide phenomenon right now...

In Japan, the inflation rate is running about 2.5%.

This is a 7 year high.

Their central bank hasn't seen any need to act.

Well, Japan has been stuck for years and years with deflationary pressures (largely from demographics)



and anemic economic growth as a result:



…despite the central bank basically giving money away for years:



…so yeah, they've seen a multi-year high in inflation too. They’re probably one country that’s happy about that - it’s what they’ve been trying to do for years, thus no central bank action.
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Re: UK inflation hits new 40-year high of 9.1%
Posted by: Lemon Drop
Date: June 22, 2022 10:39AM
The UKs economic problems also relate to disastrous Brexit policies. They should really get back in the single market.
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Re: UK inflation hits new 40-year high of 9.1%
Posted by: Steve G.
Date: June 22, 2022 11:52AM
Curse you, Joe Biden!

Sri Lanka PM says economy ‘has collapsed,’ unable to buy oil
[apnews.com]
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Re: UK inflation hits new 40-year high of 9.1%
Posted by: kj
Date: June 22, 2022 01:53PM
I'm not saying it's Bidens fault, but showing that inflation is happening for different reasons elsewhere has nothing to do with whether it's his fault here. Might make good material for Colbert, but I would rather have info that shows what's causing inflation here.
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Re: UK inflation hits new 40-year high of 9.1%
Posted by: bfd
Date: June 22, 2022 03:46PM
Business wasn't ready for the robustness of the Covid Recovery.

Blame Dumbf.
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Re: UK inflation hits new 40-year high of 9.1%
Posted by: GGD
Date: June 22, 2022 08:41PM
Quote
bfd
Business wasn't ready for the robustness of the Covid Recovery.

Blame Dumbf.

And he'll blame Obama.
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