I've spent over 20 years inside the betting industry. I'll guide you to avoid the hype, ignore the noise, and steer clear of the common pitfalls that catch out everyday punters.
- 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
|
|
Odds | Probability |
|---|---|---|
| Yes | 1/4 | 80% |
| No | 9/4 | 30.77% |
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.
How Rates Have Risen
| Date | Inflation Rate | Increase/Decrease |
|---|---|---|
| Jan 2021 | 0.7% |
|
| Feb 2021 | 0.4% | -42.86% |
| Mar 2021 | 0.7% | 75% |
| Apr 2021 | 1.5% | 114.29% |
| May 2021 | 2.1% | 40% |
| Jun 2021 | 2.5% | 19.05% |
| Jul 2021 | 2% | -20% |
| Aug 2021 | 3.2% | 60% |
| Sep 2021 | 3.1% | -3.13% |
| Oct 2021 | 4.2% | 35.48% |
| Nov 2021 | 5.1% | 21.43% |
| Dec 2021 | 5.4% | 5.88% |
| Jan 2022 | 5.5% | 1.85% |
| Feb 2022 | 6.2% | 12.73% |
| Mar 2022 | ?? |
|
Bar for a couple of months where things have just about stood still, inflation rates have been in th rise pretty consistent for the last 14 months since January 2021
