UK Inflation to hit 18% as energy bills increase!

UK inflation to hit 18% as energy bills rocket, warns Citi. Surging energy bills will drive UK inflation over 18% early next year — the highest peak in almost half a century — investment bank Citi has warned. Citi predicts that the price cap on energy bills across Great Britain will rise to £3,717 in October (up from £1,971 today), and then jump to £4,567 in January and then £5,816 in April.

Our latest estimate, updated for the further 25% and 7% rally in UK gas and electricity prices last week, points to a further upside shift in UK inflation.

Accounting for these developments, as well as updating our own weights for CPI/ RPI and honing our own accounting for curve backwardation, we now expect CPI inflation to peak at over 18% in January. RPI inflation, we think, will peak at over 20%.

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[TheAnxiousInvestor]

Battling man flu today, but figured I'd do a slightly more comprehensive reel than watching usher dance.

I will try and include this on the property update with more resources and info friends.