Topic: UK inflation hits new high of 9.1% as food and energy price surge persists (Read 623 times)

In my country - the interest has reached to 33% - the highest ever.
People are crying like crazy - the prices of everything has gone so high. For everyone the purchasing power has reduced. This is terrible time

People will have to learn to be more frugal in their spending which in turn will bring the economy down, as a great deal of it is based on consumer spending, so when people lose faith in the economy it begins a downward spiral from which it is difficult to recover.

And about how to protect ourselves from inflation there are several ways to do this, one way is to buy all the food that you can which lasts for a long time, this way even if there are further increases in the price of food you are covered already for some time, you can reduce the money spent on luxuries like apps, video games or streaming services, and on even more extreme cases several family members could decide to live in the same house and share rent, decreasing your costs significantly in the process.

I have read in the local news paper that people in UK are protecting against the hike in the prices, it is going on everywhere.
I am not sure how they are managing this - but in our country many people have parked their cars and started using local transportation. The grocery is almost double the price.

For those of us actually stranded on the physical state of 'blighty', we may be aware of some higher portion of misery. Be it the weather or the food or the queuing up & waiting forever to be told to come back next week, the national culture seems self aware as being melancholic shall we say.

I think 'globalisation' & 'decolonisation' are real processes while mostly poorly explained. I think they have something to do with the unusual levels of despair we can associate with specifically 'UK inflation' as opposed to the general fan-splattering going on everywhere but the oligarch's retreat 

This is a situation that is faced globally, food prices are soaring, fuel prices are rising and inflation is rising, you cannot blame everything on COVID for the situation let alone the Russian War. Countries and governments will blame the situation on them and have a free will situation. The economy was struggling well before the pandemic situation in majority of the countries and it is just another trigger and everyone will struggle during this phase.

This is messed up for UK citizens which is similar to what the rest of the world is facing these days primarily thanks to COVID and the Russian war. Also, someone like Boris Johnson representing UK is another factor in this case.

This whole situation is actually bad for the middle class and poor people since the rich will endure as usual even though they might see a drop in their profits.

As they say, it gets worse before it gets better which is why we need to endure this nasty period for a better future.

As I understand the idioms, you tried to say that "this process won't last forever". Yes, I agree it won't last forever, but it could go on for decades that could make us all more miserable. And at the end of the process, we can say "I wish I had carried the suspension bridge alone". :)

One cannot pull up the drawbridge & breed with cousins indefinitely. That sort of thing is what got us into this mess

We are talking about a global crisis... We are entering a period in which national values come to the fore while globalization is getting fragile. Now every country uses its own food and energy wealth as a weapon. This situation creates imbalances as it prevents us from using the world's wealth efficiently. That's why, as developed and developing countries, we are all in a crisis. If the crisis turns into a long-term economic war, the way to get out of this crisis will not be to increase interest rates.

These inflation numbers we are seeing right now are insane. How is any normal person going to be able up keep his living standards normal? We all need food and energy to survive, there is no real possibility do cut back expenses to a complete minimum. All the Western countries are facing a similar dilemma right now, rising inflation while the wages are  oh covering that increase. So far I heard from companies raising salaries by 2-3%, but this is not offsetting a 9% inflation. So somehow we got out of the covid mess but things seem much worse now. And don't forget all the savings people hold in bank accounts with less than 1% interest, they will be worthless in a few years. The worst thing is that there is no end insight for the Russia Ukraine war, which means energy and food prices will keep rising. Looks like the only solution is to buy gold or crypto currencies.

Never trust anyone called an 'economic expert' =)

Governments get together to decide the price of things based on supply, which as everyone knows for years in the case of gas & oil has been running out. The same governments are impeding the transition to renewables & the reason is worse than you think. They are ruling families & dynasties only maintaining their position by putting the majority of us at a relative disadvantage, so they can't be overthrown by revolution, or 'democracy'. The Russia/Ukraine war is a smokescreen for these power-mad prehistoric autocrats & theocrats who will continue to disperse & distract us as long as they are permitted.

According to economic experts, government have no sure ways to stop inflation,  they can control it by reducing the money in circulation through high interest rate (I.e the government will increase the interest rate for borrowing or securing a loan) to reduce the demand for consumer goods.

Increase in transportation is as a result of increase in gas which was caused by first the pandemic and by the Russian/Ukraine war.

Food shortage also caused by the pandemic as a result of limited supply due to a halt in the supply chain system. The world is still on recovery process and there is little the government can do to address this situation thud it will be a gradual process to get out of inflation.

Probably not unless you keep records, however even if I am not obsessive enough to create those records on my own, thanks to the technology and the fact you can order your groceries online those records do exist and sometimes I do take the time to look at them and I do notice that stuff is way more expensive now than it was just a year ago.

This is because as you say inflation does not impact each product in the same way, as there are some products that still have a very similar price while there are others that have become so expensive that I have just stopped buying them as they are no longer worth their price tag.

In the coming years, we will not think about economic recovery. Now there is a decline and every day it will be more tangible for people. We haven't even reached the bottom. So we can't go up yet. It is already clear that this crisis will be worse than the pandemic and it will last a long time. Let's not despair and find the good in this situation. Europe will use less gasoline and that means the air will be a little cleaner. Until they start burning coal stoves...

Every country's economy was badly affected by the pandemic. We're just in the recovery phase but unfortunately, the inflation rate has to increase because of different factors. Ukraine isn't the only country that is suffering from the inflation increase. Even our country is suffering at the moment. Food and important necessities are continuously striking high. I think the best thing to do during this situation is just to hustle hard so we could survive.

And God save Prince Andrew's blessed Y-fronts!

I doubt the Americans are as eager to bring you up as you always are them though

After covid-19 pendamic, no country has successfully returned to normal. All the countries are struggling, but some countries are in much mess than others. While 9.1% is seen quite high for UK, in some countries,  it is normal at 15% and even more than that, but they use media to play it down.

In whatever situation we might see it, it is nice we understand that all countries are on the long lane of inflation. While some are speeding, some are slow, yet they are all in same lane of economic decline.

Europe is largely dependent on Russian gas so it's not surprising that the country has been hit hard, but other countries are also struggling, poorer countries as the world's energy resources are disturbed. Commodities race to increase prices, causing the lives of millions of families to come to a standstill. Inflation will not end any time soon if wars and epidemics continue to rage and we will have to continue to weather the price storm caused by war.

You couldn't be more wrong on this one.
If large countries over 100 million would be less corrupt then probably Russia, China, India, Mexico and Brazil will be don't eh top of the list of model countries, right?
In reality, look who's leading the pack

Denmark, New Zealand, Finland, Singapore and Sweden, all five of them barely make 30 million in population.
Size has nothing to do, be it land or population.


Oh yeah, backward-going Britain, that keeps getting ruined and ruined, yet still able to design every damn chip in mobile phones nowadays.
This is like the commies waiting in bread lines for the US to collapse.

This is not only happening in the UK, everybody is facing the hardship. The rate price of food and goods is going up is somehow disturbing. No one is left here whether you leave in the South or North. I pray everything wi gradually reset but the way I'm seeing this and the various conflict in the world, we might be force to experience double of what we are seeing now due to the world uncertainty. Sanctions everywhere restricting the movement of goods and services.

It seems that Russian cut off from the gas and other exports are affecting the European countries slowly. I mean with the time every country slowly publishing that they are suffering from inflation. Most of the increased cost is from vegetables and energy resources ultimately affecting the whole nations foreplay. There is no news from Asian countries where Russia has built up good relationship with and continue to import and export like regular days. I think the only factor that’s affecting is current on going war.

Some signal that inflation is starting to cool down, someone in Europe can tell me, is this the truth?.
Inflation is falling globally and developing countries are the most visible.


https://www.ft.com/content/7c049cbc-efbe-4b1c-9568-bdf41a6deb9c?fbclid=IwAR2NmlC6iEzRSTBW7yBv5FtnKQyklx--rYPUnjvijxGBaXy_pQJ2JPLzKn0



Personally, I think that as long as the war between Russia and Ukraine continues, inflation will not be premature and end.
Inflation only decreased when the war ended and supply was restored.
https://www.telegraph.co.uk/business/2022/06/29/ftse-100-markets-live-news-inflation-prices-russia-gas/?fbclid=IwAR0K688YhOMDOUVTg5xjtkU0tKWj3jWsUDdwh9JCNS1F6C_xMswnl5PO4Vw

The root cause for increasing levels of inflation around the world is obvious to us all. It is the rising crude oil prices. Rather than addressing this issue, western governments are trying to divert the discussion by talking about the war in Ukraine. OPEC nations are making billions of USD every day from the high prices of oil and gas, while the fuel consuming nations are getting wrecked financially. And the western governments are OK with it. They want the OPEC cartel to get rich, at the expense of their own citizens. Till now, the American government hasn't asked the shale oil producers to increase their output. Rather than that, they are trying to further push up the prices, by imposing sanctions on Russia and seizing tankers from Iran.

They strongly believe on their own economy, they made a decision years ago and I think the current situation is just the effect of world crisis, its just that GB are being affected by such crisis. Well, many countries are already suffering big time and yes GB is one of the worst countries with high inflation, if they can’t handle this economically then we might really see the worst situation in GB. People there should start thinking for the alternatives, they have to be more resourceful.

You are right, the most interesting is ahead of everyone. This applies not only to Great Britain, but to the whole world. If inflation is raging in such an economically strong country as GB, then what will happen in others? I don't think GB will be ruined and don't worry about them. They will think of something to get out of this situation. It will be much more interesting to observe how bitcoin will behave in conditions of inflation in all countries of the world. We stock up on popcorn.

How do you think it is that as an entity this 'Britain' thing does seem to be always looking backward? Whether it is watching some 'period drama' or listening to some teenage pop star get nostalgic about their misspent youth, it does seem to me to be a regressive or at least retrospective culture. Is it as simple as the fact that we have a lot to go on when it comes to the past and history so it is easier to talk about and is less contentious than the future? Or is there something else going on. Like, does a globally oriented colonial master of this culture deliberately train/programme nationals to always be looking backward so that there is less competition for the future?

I think everything is just beginning. The most interesting is ahead. Great Britain has chosen the course of the movement for itself and these are its results. Continuing to move at such a pace, the country will be ruined. The country can move far, far back in the time of the dinosaurs. Well, we'll see what happens next. What else will the old woman have enough strength...

If the current price In uk Is making headlines truth what is going to happen with the war gets worse and all of the grain would have been impossible to actually transport causing even more price increase. The inflation is not going to get controlled this time but considering Ukraine, tye bread basket of Europe they need to look for alternatives to try and control.
Covid , War, New diseases, seems like inflation is inevitable as well, the only benefit would be from point of view of a rich person, the middle class and poors would have to struggle with it with the same salary

The consumer doesn't get any benefits from this but the only one that can is the producer, companies, sellers and business minded people because they can think of ways on how to use the situation as their advantage. Those can't afford are now in danger but they need to find ways, if ever there's still any? Only to keep up and continue living on this new standard. Inflation or an increase of it is expected already as this wasn't the first time that happened to us.

The only sad thing is that our salary is still the same. This seems not right but the government or the companies/employers must do something to help combat the issue.

The reason, well at least the main reason would be the fact that in the smaller nations it is easier for politicians to be corrupt. I know that makes sense to people who lived in a small nation, and maybe people who live in 100+ million population type of places may not understand this.

But, when you live in a nation with a small population, a small economy, and of course a small number of voters total, that means that you could be corrupt and you can get away with it, because you are reaching out to a lot of people with your corruption and getting their vote as well. You could literally have a few industry giants in your pocket, keep being a president thanks to that, and control the whole media since it is only a few channels.

isnt it funny how you accept that the dollar barrel is not the problem (yet america is having price problems where there is no conversion).. yet you ignore that fact..

and yet in britain you are stlil agreeing with me that the price per barrel is not the problem. but its instead the forex rate.. that has changed hmm.. i wonder if you ever consider that the forex rate has been adjusted due to the after effects.. not the cause.
many refineries dont actually hand pounds to american/saudi oil barons. nor do they have only pounds but convert to dollar on the day of purchase...
UK actually have dollar reserves from decades ago. (its like buying the dip. hoarding.. you know. investing for future hedges against inflation... i do so hope you atleast understand this concept.. it might aid you in bitcoin investment )

meaning whether its 2008 or 2020 they handed over the same amount of reserves.
the forex after purchase then changes to then reflect the market rate.

you know because maybe.. refineries are just smarter with money than a toddler you think they are
..
do you realise that they are making huge profits from this inconsistency of barrel price vs local retail price.
or do you actually think refineries are making a loss and forced to push prices up..

.. ill let you figure out that chicken and egg problem..
but here is a hint. forex market doesnt play to whims of reserve swaps. it actually bases the value of such reserve swaps against indicators of value like local retail common goods basket prices to set the value for the swaps.

meaning when petrol prices and food go up the forex then reflects that as a after effect.
where by the refineries have already got the oil and the forex markets are the reacting to the retail markets.

its how companies can make profits playing the markets even when the source goods are the same. by raising the retail prices to get profit. but then affect the market to make it look like they are making a loss/breaking even

the secret is is seeing if they are making profit .. then you know that they have played you too.

the funnier thing is that you honestly think that refinaries pay the oil price of june using the forex rate of the june retail indictors.. not even realising that they bought that oil tankers contents of oil many many months ago and refined it and distributed it, before june. but then sell it at a june price. which forex then reacts to

Isn't it lovely how you compare two prices one in dollars and one in pounds and you draw conclusions?

Let's do it properly:
Barrel of oil in 2008 120$, 1 GBP=2 USD , meaning one barrel of oil was 60 £
A barrel of oil is now 110$, 1 GBP= 1.2242 $, making one barrel of oil worth 90£

That makes an increase in £ for the barrel of oil 50%.

You yourself have said that the price was stable at £1.30, let's put 50%, you get £1.95, which is the current price...

You see, no conspiracy, simple math and logic, available in every elementary school from an early age!

if you look at the price per barrel of oil. the price is no higher then 2008..($120) yet fuel prices at the car petrol station pump is twice as high as 2008
its not the oil price(what car fuel is made from) fault..

there is no lack of supply of car fuel either. unlike a couple years ago. but even then a lack of supply car fuel did not cause petrol prices to go above £1.90/litre in the UK. it was more stable at like £1.30 during the supply shortage


this so called "crisis" is a more planned profiteering event, its the more local refineries that convert that oil into car fuel that are making the HUGE profits. (not higher costs to them.. only higher cost to the end-retail consumer)
this is because governments want to push car fuel prices up, to push people to move to low carbon cars (low engine capacity or electric cars) to speed up the "green agenda"

do not expect the price of car fuel to decline back to 2020 prices. they will remain high. as thats the whole point.
separate issue:
they want fuel/power companies to make huge profits. with a stipulation they can only have the profits tax free, if they invest that huge profit in switching to renewable technology sooner then scheduled.
which helps their big "green agenda" targets yet again

..
secondly.
government took cost people a trillion in QE for covid and the crisis before (2010-2021).. lets call that 1trillion loaf of bread value.(replace bread for any value indicator of living cost you prefer)
if over the next 10 years they can make a loaf of bread(replace bread for any value indicator of living cost) cost 5x more then what it did last year. then when they need to pay back 1.x trillion(fixed rate fixed monetary unit amount.). they only need to pay back 1x0billion loaf of bread value. (replace bread for any value indicator of living cost)
yep. repay 5x less in living cost. because thats how these sorts of loan contracts work in recession..
.. so governments are happy to push things up at the retail price end. because it shrinks the living cost value they need to repay
..

a side note.
the 2008 crash caused many issues in many industries. the ones that survived it done so by raiding the pension pots of their employee's which would have caused an impending next crash a few decades later.
however by causing an artificial and planned recession now, would mean although peoples guaranteed pots of XXX at retirement wont buy them as much bread as they were promised. that would have happened anyway., they can atleast have someone else to blame for it, so they get to hide some of that mis-spending.. and pretend it was not mis-spent, but instead just devalued due to recession

again imagine someones $£100k pension was cut in half due to the 2008 crisis of businesses stealing 50% of pension pots . by having a recession and making everything valued at say 5x less.. that $50k missing(25k loaves of bread) later becomes $50k($5k loaves of bread) so they can easily put in $50k to make it seems like nothing went missing in the future because it only cost them 5k loaves of bread value to refill a hole that was originally 25k loaves of bread value.

with things like the covid QE and now the energy QE they are shifting the blame of this earlier mis-spending away from banks and government..  by blaming events like the energy crises and covid, which they want to blame on slavic/asian  countries like russia and ukraine. and china as an ultimate cause of why peoples future pensions wont give retiree's a lifestyle they were expecting to get.

because to governments, they do not want to be seen that things went bad during conservatives power, and want to be seen that the conservatives were the solution makers(of their own problems they wont admit to)

He benefits from a stable economy. Inflation makes people spend more money, which oils the cogs and gears the economy towards a healthy road.

Yes, at the moment wages don't match the prices. But in the future, they will rise too. If we don't increase the price, then its production won't be beneficial. Businesses will shut down, factories will close, jobs will vanish, unemployment will rise and within a few months we might even have mad max scenarion IRL  

I’m wondering why small countries with highly developed economical structure is hitting with the inflation. There might be few meanings to my sentence up here but I’m talking about in the sense of managing the economical circular and stop the inflation from happening. They have better control over financial systems considering digital tracking, every person having their taxes paid off and less population with kingly control, why they have such failure is big complex for me. I can understand this happening for densely populated countries, high illiteracy rate and what not!

Something will have to give soon, it's simply unsustainable when it was running steady for around ten years around the 3% mark. Any potential savings that were accumulated during Covid are getting wiped out and wage rises are simply not happening. Even if wages do raise it just causes the inflation rate to go higher. Maybe a recession is both inevitable and necessary to reset to equilibrium as it seems like politicians have no interest in governing certain sectors which are making runaway profits. Sadly it's the average person who will suffer and the super rich carry on regardless.

It is not too surprising that these things have been warned about before, after the fuel price was pushed up. It is also very reasonable for the items to increase accordingly. But looking at some of the inflation problems in some of the top countries, I see a situation where they don't only accept fuel from Russia, but in essence it's also from India and China that they can buy in a more verbose way, and that also contributes to inflation in many economies.

How is the average citizen benefit from it, though? While I get your point of view, I'm only seeing an increased living cost for citizens, some of which are not able to afford and adapt to the higher costs. Inflation in Greece is currently at 11.3%, is that also considered within the expectations, when we're forced to pay over 10-15% over what we used to, without having an substantial increase in our salary to back it up?

It is what it is, rising prices. But at least the public can handle them for now.

There is no need for them to worry about things like this, because worry will make all kinds of stress-related diseases which will rack up your medical bill, at exactly the wrong time to do so.

So you should not panic if you can afford the price in the present. The future is not in your hands.

The increase in the rate of inflation in developed countries such as the United States, Britain, Switzerland and Germany, as well as most European countries, portends an acceleration of the deterioration of the global economy. I do not live in Europe, but I have friends in Europe and Canada as well. I always hear from them about the high prices of materials significantly compared to the past few years. There are many problems in the global economy and the Russian invasion of Ukraine deepened these problems much more. There are many complex reasons that caused this The economic situation is bad, but the most important ones, in my opinion, are the Corona epidemic in addition to the Russian-Ukrainian war, so the world must go to solve these problems, otherwise the situation will get worse.

9.1% is huge. Even for a developing economy such sort of inflation is huge while UK is a developed economy. This is clearly indicating how much pressure the economy is currently having after the recent Covid crisis followed by sanctions applied by them on Russia due to Ukraine crisis. 9.1% is even more than the annual increment which many employees get. I think this is a clear indication of a pending correction in the economy which might come in form of a crash.

I listened to such slogans throughout the school, when there was still the USSR. They also carried similar nonsense there, such as the United States will soon rot, the USSR will defeat everyone, the dollar is worth nothing, the ruble is very stable, ... Well, in general - the West is collapsing, and guaranteed As a result - the USSR - collapsed, new rulers - kleptomaniac terrorists of Russia keep all their savings in dollars and euros, in American banks

PS Return to objective reality!

It's normal because it's within the expectations. Don't forget what Corona did to the supply chain, it's more screwed than a 10 pound whore behind MaccyD. Then Russia happened  Goods and serices will be infalted for a while.

Other aspects of UK economy are doing pretty well, the GDP is growing, unemployment is low and the stock market is performing fairly well(check FTSE 100).

There's no possible way that such inflation is normal, if you see such increases normal, then you must be pretty well-off to not be bothered by it. A small percentage of inflation (1%-2%) is considered healthy for the economy, the current situation isn't, it's putting a huge burden on households and the economy itself. The higher prices are unlikely to ever return to previous levels, reducing our available income, while our salary has hardly increased since the whole situation started.

How is that considered normal or healthy?

It is a form of covert colonialism. The way it works is through systematically convincing a population that you represent their best interests & are in legitimate control of their material & educational resources. The internet created a revolution in global democracy between like 1990-2015 & it threatened the established autocracy rule over their covert (& overt) colonies. This is why they have used brain draining FUD like 'Brexit' and 'Covid19' to explain away all sorts of invasive oppressions & man-made crises, have invented these 'woke snowflake' identities to stigmatise & undermine the activated millennials & started to move in on the free spread of information under guises like 'hateful content' & 'threats to the international order' etc..

One must always remember that the people with the most power on earth today, in those meetings in those boardrooms, they cut their teeth & came of age in a world without the internet. And that is the misspent youth they are trying to reclaim.

Inflation is the deliberate weakening of a currency by raising the price of goods & services at a government level. It is just another way to keep the masses dispersed.

I'm not sure what all the fuss is about. Inflation is only up 9.1%, and that's just in line with expectations. Sure, housing and household services, primarily electricity, gas, and other fuels are causing the largest upward contributions to the inflation rate, but that's to be expected(thanks to corona and Russia :p).

After all, we need to keep our economy moving, and that costs money. The survey about "four in five people" is a little misleading. It's not like anyone is actually going to go without food or energy. They may have to tighten their belts a bit, but in the end, they'll just have to pay up. This is the price of living in a developed country.

What would possibly be the recommendation to fight inflation ?
How can it be tackled, what will you advice .
Food shortage and the increase in transportation fees are currently on a high increase.

During the pandemic lockdown period much of the production inside the renewables industry was halted. During it the price of crude oil, used to make gas and petrol, also came crashing down. That was the point the people managing the crisis would have told their loyals to buy the black stuff. Now they're coming out as against nuclear as well as renewables, not because its environmentally unfriendly, but because it threatens the profits of the 'seven sisters' oligopoly and later OPEC nations.

It is going to take a while but the world will do better I can guarantee that. Banks are increasing the interest rate, which means that we are going to eventually see a situation where people will be putting most of that money into interest, and there won't be much money left in the market, meaning gas prices and food prices all of them would have to stay. They won't go down that easily, that would probably not happen, I am guessing that they will just not go up like it did for the past few months.

If we can handle that, then we are going to be doing something decent and it will definitely not be that terrible. If that's the case then food prices and all prices will stay, our wages will grow, and we will get used to all of this.

What happens to the west policy of sanction? Didn't they want to cripple Russia's economy? The time for UK and USA is coming to an end. Their unipolar word system will no longer work and we are going to see some new powerhouse raise. What China is doing is a warning to the west. Now they have the capability to challenge the USA naval fleet near their cost line.

Brexit is not responsible for this inflation. High energy prices is one of the major reasons behind this. Price of the commodities is heavily dependent on the fuel price. With the ongoing Russia Ukraine war, the fuel is being sold at a premium. OPEC countries are not increasing the supply while their is demand, adding up to the supply stress leading to consumer inflation.

Also when the economy is rising, when people are making a lot of money, it usually leads to overspending which artificially increases the demand. So if supply remains same, it leads to a price surge. Central bank increases the interest rate to suck out money from the economy so that people don't overspend.

9.1% is really huge for a low interest European country to be honest.

High inflation has many causes and could be outside the control of the United Kingdom, so blaming the central bank policy will not be useful, but it is responsible for part of it by the delay in raising interest rates. What matters now is that the crisis has occurred and must be managed, so the bank acted within months The next one will clarify whether inflation will be under control or whether the problem will increase.

In general, I have visited and lived for several months in countries with a runaway inflation rate of more than 20%, prices change every few days, so people should get used to these fluctuations in the short term.

All signs point to a global economic slow down. There isn't a way the central banks can recover from having borrowed/printed so much money in order sustain the economy during COVID without raising interest rates significantly and growth slowing down to a recession.

Keep in mind the war is still "fresh" in Ukraine. Expectations are that it could last years. The cost of consumer goods will only go up as countries begin hoarding resources fearing uncertainty.

Yeah, well, In the UK it is the same as in the rest of the world. Monetary policies and energy price rises have had an impact on prices, and that is what we are seeing. With this, the central banks, who did not want to, are forced to raise interest rates, but we will see how long they can hold out.

And I don't know what politicians are doing if they don't make lower energy prices a priority. Especially in Europe, where they seem bent on shooting themselves in the foot.

It's honestly depressing and keeps worsening month by month. I'm from Greece, and inflation reached 11.3% in May, the highest in 29 years. It's even worse than the UK and most European countries, to be precise. The average cost of Unleaded 95 petrol is even higher than UK's, ranging from €2.40-€2.50 and even reaching €2.70 in a few islands.

The war isn't coming to an end anytime soon, while it has also been used as a way of speculation to increase prices and never lower them ever again. At the same time, the average wage hardly exceeds €700 - €900 after taxes.

Inflation is found high on each and every country. As stated the higher inflation during the time of growth is common, but the same over a country that has already established as a developed country shows that economy around the world is getting worse with time. This time everything has happened altogether, the pandemic, the economic crisis, and the food crisis. In some aspect this destruction is initiated by pandemic and further has caused economic decline and food shortage.

for developing countries. inflation of around 10% has become commonplace. could be even more.
but at the level of a developed country like the UK, it will definitely be in the spotlight. because many developing countries highlight developed countries such as England. and indeed it is rare in developed countries that they can be hit by inflation today. it shows the severity of the economic conditions today in various countries. so that even developed countries are affected.

Maybe they are doing something but they are just defeated by increasing demand and low supply coming to their country. Minimum salary earners are really choke up by the inflation rate rise because the purchasing powers of their salary gotten every 15 days or monthly decrease and this totally hurt so much to majority that's why since this issues shown already maybe they should finds ways in future that there's no food crisis will happen to their country and maybe they should boost their agricultural sector to increase the food supply in their country.

The rate the price of food is going high is very surprising and the government is not even doing anything about it. Salary earners are getting choked up because of the price of food stuffs are going high but salary does not increase at all. Employees are now faced with the problem of what to eat with the stable salary that can not compete with the way price of goods are surging high. How I hope the government can look into this matter and help us.

Loans with 1% interest rates in an environment with 9% inflation would be structured to net profit a loss.

Central banks may be forced to raise rates, to cut loan payment losses as inflation rises.

I think that could be the narrative most are missing.

Its difficult to visualize the effect inflation has on loan markets. Loan payments are depreciating at a faster rate, faster than loaners earn from interest. The market greatly favors those taking out a loan in contrast to those offering loans.

What surprises you? Over the past 2+ years, the whole world has been experiencing several powerful crises - first Covid, then the first wave left hard scars on the economies of countries ... Small and small businesses - for the most part and everywhere did not survive the restrictive measures. Which led to unemployment, and the burden on social budgets, already overloaded with pandemics. Then a new wave of Covid. And in 2022, there will also be a new round of terrorist aggression against Ukraine, which launched a chain reaction of sanctions and consequences (unfortunately, sanctions often have a backlash). The result of the conflict was also the disruption of the hydrocarbon market. With gas, decisions are still being delayed, and with oil, an embargo and all side processes, as a result, an increase in logistics costs, which greatly affects everything that surrounds us ... The next couple of years will be very difficult ... Covid will still seem "easy problem"

It is not going to go away. We are in a period where gas prices keep on going high, food goes up just because of that basically. You build a farm out of the cities, someplace where nobody lives, and then you need to use tractors which uses gas to collect those, then you put them on trucks and send them to cities, which causes the food prices go be high.

However, as long as there are no cheap oil, gas whatever prices anywhere then we are going to keep living this high priced world and it will not stop. Right now, the whole world is aware of the situation, and they can't really do anything right now, hence we just need to accept the fact that the world will be like this until all thing settled.

I think the purpose of this article is to show what consequences such a policy of Great Britain and the rest of the NATO bloc in particular has. If you continue to adhere to this position, then everything will only get worse. Of course, now these 2 GBP don’t play any role, but in a year it will already turn into 10 GBP, and maybe more.

It is very interesting to see developed countries having an emergent country problem.
In Brazil 10% inflation is quite normal   

And our solution is to raise interest rates. But I mean, really raise. Our interest rate is now 13.25%!!!

Fed just raised it to 0.75%. That is quite ridiculous to nearly 10% inflation rate in USA.  They expect to get up to 3% this year.

Let's see how it goes by the end of the year. If the inflation is persistent we will see more aggressive raises, which could like lead to a recession...

Historical records from the Office for National Statistics show May's inflation was the highest since March 1982 — and worse is likely to come which means a fear for a dangling economy. The rise in consumer price index is becoming a big threat to the economic growth of food and energy production in Britain as high risk of meeting higher inflation rate and recession is staring fiercely at the UK Consumer price index.

I've lived in a country with high inflation rate, and I guess it made me pretty much insensitive to changes like this. I've been living in the UK since February, and if the prices got higher within this period of time, I didn't notice. They're very high, but that's because I compare them to a third-world country where I'm from. The 9% inflation, though, doesn't mean that the prices for goods went up by 9%. And you can see from this article that it's actually more like 4%, which, honestly, isn't easy to notice. If your average shop bill was 40 GBP, it would now be 42. Would you notice that?

It doesn't come as a shock that the UK's food and energy price has skyrocketed since it's last high recorded in April. With them still dealing with the strain the COVID-19 pandemic put on them, and the demand for consumer goods are high as against the supply, the government will have to look for means to curb this to avoid the inflation rate climbing to a shocking 10%.
 

U.K. inflation hit 9.1% year-on-year in May as soaring food and energy prices continue to deepen the country’s cost-of-living crisis. The 9.1% rise in the consumer price index, released Wednesday, was in line with expectations from economists in a Reuters poll and slightly higher than the 9% increase recorded in April.

https://www.cmcmarkets.com/sv-se/nyheter-och-analys/uk-cpi-set-to-increase-again-in-may

Consumer prices rose by 0.7% month-on-month in May, slightly above expectations for a 0.6% rise but well short of the 2.5% monthly increase in April, indicating that inflation is slowing somewhat. The largest upward contributions to the inflation rate came from housing and household services, primarily electricity, gas and other fuels, along with transport (mostly motor fuel and second-hand cars).

The Consumer Prices Index including owner occupiers’ housing costs (CPIH) came in at 7.9% in the 12 months to May, up from 7.8% in April. “Rising prices for food and non-alcoholic beverages, compared with falls a year ago, resulted in the largest upward contribution to the change in both the CPIH and CPI 12-month inflation rates between April and May 2022 (0.17 percentage points for CPIH),” the ONS said in its report.

https://www.gulftoday.ae/news/2022/06/22/uk-inflation-hits-40-year-record-highest-in-g7
The Bank of England last week implemented a fifth consecutive hike to interest rates, though stopped short of the aggressive hikes seen in the U.S. and Switzerland, as it looks to tame inflation without compounding the current economic slowdown.
More than four in five people in the U.K. are worried about rising living costs and their ability to afford basics necessities like food and energy over the coming months, according to a new survey.