Skip to main content

As food and fuel costs rise, there is no doubt the poorest are hardest hit | Phillip Inman

Inflation watchers may disagree on the details, but consensus is that higher prices will persist

Inflation is going to be with us for a few years yet. That’s the growing consensus in the City and among economists who believe the impact of rising fuel prices, the crippling cost of imported goods, and labour shortages in many industries will have a longer legacy than first thought.

Last week all eyes were on rising gas prices and Ofgem’s estimate that the energy price cap will rise by about £800 in October to an average £2,800 per household.

Continue reading...

from The Guardian https://ift.tt/a2HchAB
Labels:

Comments

Post a Comment

Popular posts from this blog

England booed off after failing against Iceland once more in Euros warm-up

It was a long way from being the triumphant Euro 2024 send-off for Gareth Southgate and his England players at a sold-out and increasingly fretful Wembley. Never mind the result because it was not the main thing, however much it stirred memories of you-know-when against Iceland. It was the performance that raised the difficult questions, the worst one for quite some time and at exactly the wrong time. The home fans, thousands of whom made for the exits before the end, were forced to watch the second half – from about minute 55 onwards – through the gaps between their fingers. And it had not been great before that. Continue reading... from The Guardian https://ift.tt/4ndfQL0
Post a Comment
Read more

Trump to campaign in 4 states - including in Biden's hometown - during week of Democratic National Convention

Trump plans to hold a series of events next week in Pennsylvania, Wisconsin, Minnesota and Arizona as Democrats nominate Joe Biden for president.             from USATODAY - News Top Stories https://ift.tt/3al6qn7
Post a Comment
Read more