Economic Progress

Inflation: why it’s very unlikely to get back below 2% for years to come

Inflation worse UK petrol

Inflation has gotten worse in recent years in the UK. Image:  Krzysztof Hepner/Unsplash

Alexander Tziamalis
Senior Lecturer in Economics, Sheffield Hallam University
Yuan Wang
Senior Lecturer in Economics, Sheffield Hallam University
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UK inflation vs US and Europe
Inflation in the UK, Europe and the US from October 2021 to July 2022. Image: Trading Economics

UK inflation 1997-2022
Graph showing change in inflation in the UK between 1997-2022. Image: Trading Economics
UK benchmark interest rate 1997-2022 Inflation
Graph showing change in benchmark interest rate in the UK from 1997-2022. Image: Trading Economics/Bank of England
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Pound and euro values 2008-2022 Inflation
This chart shows the value of the euro and pound against a basket of international currencies. The pound is in orange and the euro in blue. Image: TradingView
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Related topics:
Economic ProgressFinancial and Monetary SystemsGeo-economics
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