This week, we delve into the impact of changes in the price of different energy-intensity goods and services on the 12-month CPI inflation rate in the UK, illustrating the growing effect of energy-intensive components on inflation rates.
Chart of the Week
The labour market is changing. Whilst automation is a significant driver, it affects industries in different ways, and is not the only factor at play.
Chart of the Week
As we near the deadline for Clash of the Titans entries, we thought we’d provide you with a sense of the economic outlook moving through 2023. The chart displays the 2023 GDP forecasts of several institutions. These convey a sense of pessimism, with the average forecast being -0.76%. Consensus suggests the UK will experience a […]
Chart of the Week
Summary October’s headline inflation rate of 11.1% was largely led by two groups: Housing, water, electricity, gas and other fuels, and Food. This week’s chart assesses the drivers behind these groups, to judge their likely trajectory into 2023. What does the chart show? The chart shows the contribution to the overall year-on-year rate of inflation […]
Chart of the Week
Whilst high inflation has been with us since 2021, the economic atmosphere has certainly changed through the year. This week’s chart assesses Bank Rate expectations over time to see what they tell us about the economy.
Chart of the Week
Whilst efforts have been made to improve efficiency, they have often ended in failure. A coordinated and committed approach is needed to reduce reliance on fossil fuels, and lower household bills.