Set for high inflation

The Sunday Times quoted figures from Eurostat showing Britain had the highest rate of inflation of all 28 member states of the EU in September.

The UK’s 2.7% rate was more than double the EU average. Surprisingly, it seems that the increase in food prices is a big factor: in the Republic of Ireland, food prices are just 1% higher than they were 6 years ago, while in the UK, food prices have risen by 35.6%. And the UK’s energy prices have risen by 61% against Ireland’s 28% over the same period.