Imported inflation waning but still present – BoE’s Dhingra
MPC member tells panel that another energy shock could still trigger renewed price hikes in UK
Imported inflation in the UK, resulting from rising energy and food prices elsewhere in the world, has come down in 2024 but is still present, a member of the Bank of England (BoE) monetary policy committee has said.
Speaking at a panel during the BoE Watchers’ Conference in London on November 25, Swati Dhingra noted that the UK faced a much larger inflationary shock in 2022 than other European countries. The British economy’s exposure to energy and food price shocks from abroad was much higher
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