UK Inflation Seen Above Target Until 2030 as NIESR Warns of Persistent Wage Pressures

UK inflation is expected to remain above the Bank of England’s 2% target until late 2030, according to the National Institute of Economic and Social Research (NIESR), as energy shocks linked to the Iran war feed into wage growth and prolong underlying price pressures. The institute raised its forecast inflation peak from 3.8% to 4.4% […] The post UK Inflation Seen Above Target Until 2030 as NIESR Warns of Persistent Wage Pressures appeared first on ActionForex.