Inflation will abate as supply meets demand, says UK PM Johnson
Reuters
Published Oct 05, 2021 03:14AM ET
Updated Oct 05, 2021 04:30AM ET
LONDON (Reuters) - Inflationary pressures will abate as supply improves to meet demand, British Prime Minister Boris Johnson said on Tuesday.
Asked during an interview on LBC about the risks of inflation due to the government's push towards higher wages, Johnson said: "What you are seeing is demand, growing demand sucking in gas from Russia or wherever, you are seeing demand for lorry drivers globally and that has an inflationary effect and as that clears, as supply meets demand then inflation abates."
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Written By: Reuters
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