• UK inflation jump is likely temporary - UK's Javid

Market news

15 September 2021

UK inflation jump is likely temporary - UK's Javid

Reuters reports that British health minister Sajid Javid, a former finance minister, said he thought the 3.2% jump in inflation in August was probably a temporary increase but keeping an eye on inflation would make sense for governments around the world.

"My view is I think it is probably a temporary increase. We are globally seeing an increase in inflation and that is something that, for any government, they're going to have to take account into future spending plans," - Javid said.

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