Why Core Inflation Is Rising in the U.K., But Falling in Other Economies | WSJ

Core inflation in the U.K. keeps rising while falling or flatlining in other major economies like the U.S. Even though the U.K.’s headline inflation is down, core inflation continues to climb as its consumer-price index rose to 7.1% in May.

WSJ explains what’s behind that rise and what it means for Prime Minister Rishi Sunak’s goal of halving inflation this year.

0:00 U.K. inflation has fallen but not core inflation
0:30 Core inflation, explained
1:06 Core inflation in the U.K. and U.S.
2:11 Interest rates