Miserable Times In The UK, As Inflation Surges Way Beyond Forecast

Occupy London ProtestsMasked

Photo: Yepoka Yeebo / Business Insider

CPI in the U.K.: 5.2%.The expected forecast 4.9%.

According to Markit, this was the highest reading since September 2008.

Meanwhile, unemployment has hit its highest level since 1994 at 8.1%.

This table from the report has a breakdown of the components and their year-over year change.


Add the CPI and the unemployment rate together, and you get a cool 13.3% misery index.

And for another way of understanding how miserable this inflation is, check out this chart put together by Reuters’ Scott Barber:


Photo: Reuters

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.