31 Aug 2022
According to the Office for National Statistics (ONS), inflation in the UK reached 9.4% in June, a percentage not seen within the last 40 years. The rate of increase for raw material prices reached a new high of 24% in June 2022, up from 22.4% in May 2022. The month also saw producer output prices (factory gate prices) increase by 16.5 percent, up...
25 Apr 2022
The UK is in the midst of an inflation crisis: with rates soaring, inflation is forecast to hit 8% by April 2022 according to economists. Due to a combination of factors, including the fallout from Covid, Brexit and supply chain disruptions, companies are experiencing a dramatic rise in their input costs, due to the price of transport and material...
29 Mar 2022
UK businesses are being hit by the highest levels of inflation in over 30 years, with Input Producer Price Inflation hitting 13.6% on the year to January 2022. In comparison, output price inflation was 9.9 percent during the same period. The fallout from Covid-19 is driving up the cost of raw materials and disrupting global supply chains, not to m...