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【CNBC】Inflation blame game: UK economic woes set government and central bank on a collision course

【CNBC】Inflation blame game: UK economic woes set government and central bank on a collision course

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  • Headline CPI in May came in at 8.7%, unchanged from the previous month, while core inflation — which excludes volatile energy, food, alcohol and tobacco prices — increased to 7.1%, its highest rate for 31 years.
  • Economic growth has all but stagnated and public debt has surpassed 100% of GDP for the first time since March 1961.
  • Shaan Raithatha, senior economist at Vanguard, told CNBC’s “Squawk Box Europe” on Monday that the U.K. is suffering from the “worst of both worlds.”

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