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Consumer prices in the UK rose by 5.4% (year-on-year) in December 2021, the highest annual rate of inflation since the UK adopted an inflation target in 1992. The January CfM survey asked a panel of experts on the UK economy to evaluate the causes and prospects of the current inflation surge. The panel was nearly unanimous in thinking it was caused by supply side factors that

United kingdomUnited statesJason furmanFrancesca monti universitOlivier blanchardPaul krugmanGerard lyonsRole of semiconductorsCouncil of economic advisorsWouter den haan london school of economicsJames smith resolution foundationRichard portes london business schoolWashington postUniversity of yorkSimon wren lewis oxford universityWendy carlin university college london