Europe inflation rates infographic
Graphic shows UK inflation rate compared to selected EU members.
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ECONOMY

UK inflation rate projected to top 18 percent

August 23, 2022 - Surging wholesale gas prices are putting the UK on a path to exceed 18 percent inflation in January, the highest rate among western nations, according to a report from Citigroup.

The bank’s projection heaps more pressure on candidates for the Conservative leadership, Rishi Sunak and Liz Truss, to address a worsening cost of living crisis, according to the Financial Times.

In July, UK inflation jumped to 10.1 percent, the highest level in more than 40 years and the highest among G7 countries, the FT said.

Sources
PUBLISHED: 23/08/2022; STORY: Graphic News
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