Inflation hurts the pocket of the British

Inflation in the UK is becoming more noticeable to the common consumer. In April it reached 2.7%.

17.May.17 1:12 PM
By Christina Orlina
Photo Toinnov.com

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Inflation hurts the pocket of the British

These are the data of the National Statistical Service. The main reasons experts say the current price of oil, the weak position of the pound sterling and later the celebration of Easter, during and before which usually dramatically increases the cost of the tickets.

“Something happened, something we have long feared: the real income is decreasing. We definitely do not share the optimism of the Bank of England. We just don't see the growth of wages. And if the consumer price index will be even slightly higher than predicted, it becomes apparent that the decline in real income has a negative impact on the purchasing activity of the British” – says a currency analyst Nick Parsons.

These indicators were the worst since September 2013. According to forecasts of the Bank of England, the peak inflation will reach the end of the year, staying at the level of 3%. However, experts believe that the numbers will be higher.

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