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Podcast: Beyond Currency
Episode: 20 June 2022 - Inflation data due this week
Description: Following last week’s hike in interest rates, this week we will see the first evidence if the series of hikes is having any effect on inflation.
In May, headline inflation rose to 9%, and it is expected that a small increase to between 9.1% and 9.3% will have been seen in June.
The wholesale price of fuel has moderated, and this has only just started funnelling through into forecourt prices. The Bank of England has been reticent in providing any idea about how quickly they expect their tightening of monetary policy to begin to have an effect.
The constant drip feed of hi...