UK inflation hits new high of 9.1% as food and energy price surge persists

[fiulpro]

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

[Freeesta]

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...

[theCommittalist]

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...

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?

[m2017]

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...

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.

[goaldigger]

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...

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.

[Sithara007]

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.

[Smack That Ace]

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

[Flexystar]

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.

[Wakate]

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...

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.

[stompix]

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.

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.

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...

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.

[Minecache]

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.

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.

[KingsDen]

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.

[theCommittalist]

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.

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.

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...

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.

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

[virasisog]

After covid-19 pandemic, 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.

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.

[Freeesta]

After covid-19 pandemic, 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.

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.

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...

[wxa7115]

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?

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.

[Bitstar_coin]

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.

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.

[theCommittalist]

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.

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.

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.

[Mauser]

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.

[trendcoin]

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.