Core Insights - The Chief Economist of the Bank of England, Huw Pill, indicated that structural changes in price and wage-setting behavior have increased the inherent persistence of inflation in the UK [1] Group 1 - The structural changes in the economy are contributing to a more sustained inflation process [1] - The comments suggest a shift in how prices and wages are determined, which may have long-term implications for inflation [1] - The statement reflects ongoing concerns about inflation dynamics in the UK economy [1]