UK inflation rises but still lags behind US

News Team, 16/06/2021

UK inflation rose 2.1 percent year-on-year in May, beating economist consensus expectations of 1.8 percent and significantly higher than the 1.5 percent rate in April.

Despite the inflation increase being greater than expected, Sam Pham, an investment strategist at Tilney Smith & Williamson, said the price increases appear consistent with reopening of the UK economy post Covid-19.

“Nevertheless, we would reiterate that inflation risks remain to the upside due to the scale of stimulus and the UK economy reopening,” he warned.

Jason Borbora-Sheen, co-portfolio manager of Ninety One diversified income and...

Continue reading this article...

Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.

You are currently not logged in,
login to view the full article
start by clicking this button.

Need a subscription,
fill out the form here or

About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM