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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Inflation set to top 18%, Cineworld updates on debt battle, markets under pressure

Cineworld United States

More alarm bells were sounded over the state of the UK economy this morning after major investment bank Citi warned inflation could grow to as high as 18.6% next year.

In a report, Citi chief UK economist Benjamin Nabarro said: “In light of recent developments, we have updated our inflation profiles inside. We now expect CPI and RPI inflation to breach 18% and 21% respectively in Q1-23.”

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