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Britain only member of G7 where inflation is still rising

Britain is the least successful country in the G7 at curbing inflation and one of the three worst in the wider 38-nation Organisation for Economic Co-operation and Development.

In its latest snapshot report, the OECD said inflation in the UK had picked up speed from 7.8% in April to 7.9% in May. That compared with an average reduction in inflation from 5.4% to 4.6% in the seven-nation club, which includes the US, Japan and Germany.

Among the 38 nations in the OECD, Britain was also an outlier, with only the Netherlands and Norway also recording an acceleration in prices in May.

The Times (£)

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