Mohamed A. El-Erian , Columnist

Persistent UK Inflation Should Worry Everyone

There is a real cost to falling behind on the battle against rising prices — one that increases over time.

June 21, 2023 at 12:12 PM UTC

Mohamed A. El-Erian is a Bloomberg Opinion columnist. A former chief executive officer of Pimco, he is president of Queens’ College, Cambridge; chief economic adviser at Allianz SE; and chair of Gramercy Fund Management. He is author of “The Only Game in Town.”

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There was nothing but worrisome news in Wednesday’s economic data releases for the UK. And the implications extend beyond Britain in a multifaceted way.

The latest economic data shows that: