The Chance of Inflation Rising Above 7.5% has exploded with bookmakers offering only 1/4 Odds to hit Record Levels

• UK inflation is on the rise, and is projected to hit 7.5% by July of 2022 according to bookmakers
• The main drivers are rising energy and food prices, as well as the impact of Brexit, CoVID and Ukrainian Conflict
• This higher rate will have a significant impact on UK consumers, who will find it difficult to keep up with the rising cost of living.
• The current rate of 6.2% is the highest inflation has been in the UK for 30 years

UK inflation is on the rise, and is projected to hit 7.5% by July of 2022 by betting sites. The main drivers of this inflation are rising energy and food prices, as well as the impact of Brexit on the value of the pound. This higher rate have a significant impact on UK consumers. Many household items will to become more expensive, and UK residents may find it difficult to keep up with the rising cost of living. The government will need to take action to ensure that inflation does not spiral out of control, and that residents are able to cope with the rising cost of living.

Just a few weeks ago, the chance of inflation hitting 7.5% by July 2022, was considered only a 50/50 chance, now things are very different with bookmakers betting on inflation odds suggesting 80% is the true probability of the high, as they offer odds of just 1.26 of the rate sticking by Mid Summer.

Odds of Inflation hitting 7.5% in the UK

The UK is facing inflationary pressures again with a rise in the cost of food and energy. The rate has reached its highest level since March 1992, some 30 year high.

The rate for February was 6.2%, which exceeded the 5.5% in January. Ongoing Brexit pressures, Covid fallout and the ongoing conflict in Ukraine are all contributory factors.