Post
Topic
Board Economics
Re: UK inflation hits new high of 9.1% as food and energy price surge persists
by
Vaskiy
on 24/06/2022, 13:37:59 UTC
for developing countries. inflation of around 10% has become commonplace. could be even more.
but at the level of a developed country like the UK, it will definitely be in the spotlight. because many developing countries highlight developed countries such as England. and indeed it is rare in developed countries that they can be hit by inflation today. it shows the severity of the economic conditions today in various countries. so that even developed countries are affected.
Inflation is found high on each and every country. As stated the higher inflation during the time of growth is common, but the same over a country that has already established as a developed country shows that economy around the world is getting worse with time. This time everything has happened altogether, the pandemic, the economic crisis, and the food crisis. In some aspect this destruction is initiated by pandemic and further has caused economic decline and food shortage.