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How soaring inflation can be particularly harmful for young people

By Shampa Roy-Mukherjee, Associate Professor in Economics, University of East London
Ejike Udeogu, Assistant Professor of Economics, Coventry University
Michael Harrison, Lecturer in Finance and FinTech, University of East London
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Inflation rates have become almost impossible to ignore. In the UK, inflation has soared in recent months, now reaching 9% – the highest rate for 40 years. The Bank of England expects it to rise to 10% this year and for the economy to slow down.

Increasing prices have led to a severe cost of living crisis, as wage increases have not kept pace. To add to the…The Conversation

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