UK inflation predicted to hit 19% by January
Shifts in energy prices will lead to inflation "entering the stratosphere", Citi bank say.
Shifts in energy prices will lead to inflation "entering the stratosphere", Citi bank say.
It comes well ahead of the next-highest inflation rates seen amongst the G7 countries
Meanwhile, Boris Johnson's spokesperson has said there will be no further government intervention before the Tory leadership race ends
Retail research firm Kantar revealed that grocery price inflation leapt to 9.9 per cent over four weeks to July 10.
Experts believe the current inflationary surge could be short-lived.
Worth noting that the Metro is also owned by DMG Media, which relies on commuters for ad revenue.
"I don't see how working class people and small businesses will survive if things carry on the way that they're going."
The figure had been expected to hit 6.7 per cent in the 12 months to March, but it actually rose to 7 per cent.
Rishi Sunak said the government "understands" the pressures people are facing with the cost of living.
TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.
Read more
We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.
Editorial enquiries, please contact: [email protected]
Commercial enquiries, please contact: [email protected]
© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy
© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy
© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy