UK inflation jumped to 2.1% in the year to May, as the opening up of the economy from lockdown sparked a rise in consumer spending.
Read the full article on the BBC website
NAM Implications:
- Official statistics are just a starting point.
- Key is how the consumer-in-the-street thinks their spending power has been reduced.
- Coupled with uncertainty and fear re jobs…
- …and a need for higher inflation to help dilute the cost of Lockdown.
