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Evening Standard
Evening Standard
Business
Michael Hunter

How high can inflation go as soaring energy prices stoke cost-of-living crisis?

(PA Graphics)

(Picture: PA Graphics)

Inflation is back with a bang, squeezing the spending power of everyone in the UK as a range of everyday costs from grocery bills to fuel rise fast, constraining the economy.

Forecasts for when and where it will peak are a hot topic, making economic analysis a talking point in London’s cafes and pubs just as much as Westminster offices City trading floors. Commentators agree the worst is yet to come into the autumn and winter, when demand for energy rises as the winter weather kicks in.

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