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Old 23-06-2022, 17:18   #4184
Hugh
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Re: Britain outside the EU

Quote:
Originally Posted by OLD BOY View Post
We didn’t have an inflation problem until Russia invaded Ukraine and put fuel prices up. After 12 months from the start of the higher level of inflation, the numbers will come down by themselves unless energy costs continue their upward trend or pay rises get out of control.
Quote:
Originally Posted by 1andrew1 View Post
It was 6% in February before the invasion - three times the Bank of England's target of 2%.


https://www.nytimes.com/2022/06/22/b...tion-rate.html

Source data…

https://www.ons.gov.uk/economy/infla...lation/may2022

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