Nobody seems to have a good idea why. 'Bank of England policy makers are puzzled by persistently rising prices in Britain — even during the deepest recession since World War II.'
'“It’s noticeable that the U.K. is growing in the opposite direction of the U.S. and the euro zone,” said Danny Gabay, a director at Fathom Financial Consulting in London and a former author of the Bank of England’s inflation report. “Economic growth surprised on the downside and inflation on the upside. That’s a very uncomfortable position to be in.”'