Why UK has Western Europe’s highest inflation rates (clue: it’s mostly about Brexit)
John Springford, the deputy director of the Centre for European Reform in London, says Brexit is an obvious factor.
“While it’s very difficult to quantify, it must be part of it because if you impose trade barriers on yourself, then goods are going to be more expensive,” he says. “Inflation is likely to come down in Britain, but it’s just a question of how high interest rates have to go to get it.”