![Brexit is driving inflation higher in the UK than its European peers after identical supply shocks | PIIE Brexit is driving inflation higher in the UK than its European peers after identical supply shocks | PIIE](https://www.piie.com/sites/default/files/posen_2022-05-20_piiechart_twitter_card1.png)
Brexit is driving inflation higher in the UK than its European peers after identical supply shocks | PIIE
![Office for National Statistics (ONS) on Twitter: "The Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month rate was 0.8% in December 2020, up from 0.6% in November 2020 https://t.co/FrRRN1cp3t https://t.co/nwyjsxrSVF" / Office for National Statistics (ONS) on Twitter: "The Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month rate was 0.8% in December 2020, up from 0.6% in November 2020 https://t.co/FrRRN1cp3t https://t.co/nwyjsxrSVF" /](https://pbs.twimg.com/media/EsKDLDwXYAAexce.png)
Office for National Statistics (ONS) on Twitter: "The Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month rate was 0.8% in December 2020, up from 0.6% in November 2020 https://t.co/FrRRN1cp3t https://t.co/nwyjsxrSVF" /
![Brexit is driving inflation higher in the UK than its European peers after identical supply shocks | PIIE Brexit is driving inflation higher in the UK than its European peers after identical supply shocks | PIIE](https://www.piie.com/sites/default/files/styles/slimmed_natural/public/posen_2022-05-20_piiechart_combined1.png?itok=VbGgUAEM)