UK inflation may top 22% next year – Goldman Sachs ...News

The Wall Street bank says rising natural gas prices could propel consumer prices in Britain to record highs Inflation in Britain could jump above 22% in 2023 if gas prices continue to grow, Bloomberg reported on Tuesday, citing Goldman Sachs analysts. The bank’s economists estimate that if prices keep rising, the UK may be forced to hike its energy cap by a further 80% in January, which would in turn push inflation up to 22.4% and cause a 3.4% drop in the country’s GDP. Moreover, even if energy prices stabilize, analysts say the peak inflation rate will be around 14.8% in January, which is enough to plunge the

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UK inflation may top 22% next year – Goldman Sachs ...News

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