The UK is still grappling with sky-high prices, having been dealing with the steepest inflation among G7 nations since June 2024, according to new analysis by the Organisation for Economic ...

UK inflation would average 7.2% in 2023, the highest rate in the G7 group, which includes the ... which are forecast to have rates of 6.1%, France (5.8%), the US (3.8%), Canada (3.6%) and Japan ...

the fact the OECD believes the UK will still have the highest inflation of all of the G7 countries over the course of the year is bad news for those calling for more cuts to interest rates.