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Inflation: 75 years of ups and downs
- Article
- 06 Jul 2022
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UK businesses keen to invest are held back by inflation
About 66% of businesses plan to seek funding for business investment, according to research, while the same number have been negatively affected by rising inflation.
ReadICAEW: Middle East offsets inflation with rising oil prices
Middle East GDP growth in 2022 is projected at 5.2%, an increase of one percentage point on Oxford Economics’ forecast in the first quarter, following inflated oil prices
ReadAuditing with inflation on the rise
Inflation has only been above 3% twice in the last 30 years. Auditors will need to understand the impacts. We outline some of the key areas of the audit that may be affected by inflation.
ReadInflation adds fuel to the deficit as cost of borrowing soars
Economic pressures mount as the public sector deficit reaches £55bn in the first three months of the fiscal year.
ViewUK inflation reaches new 40-year high
Latest official GDP estimate revealed UK inflation UK inflation rose for ninth month in a row in June, amid higher petrol and food prices.
ReadRecession? What recession? Time for business to stop worrying and start investing
Iain Wright, ICAEW’s Managing Director, Reputation and Influence is joined by Kitty Ussher, Chief Economist at the Institute of Directors, and Suren Thiru, ICAEW’s Director, Economies.
ListenThe pain – and potential gains – of rising inflation
On this ICAEW Insights podcast episode, we speak to Martin Wheatcroft about rising inflation and what that means for businesses, plus capital allowances reforms.
ListenStronger-than-expected growth masks growing challenges
Latest official GDP estimate confirms that the UK economy rebounded in May after shrinking in April, as GP appointments boost the headline figure.
ReadFive strategies to weather the inflation storm
ICAEW Manufacturing Community member Katy Davies runs through her five-point plan to help bolster businesses against a backdrop of rising inflation.
ReadBoE: further rate increase is necessary to rein in inflation
The Bank of England’s chief economist warns inflation will be no quick fix and to expect further interest rate increases to achieve its objective of getting inflation back to 2%.
ReadInsight from firms
PwC examines accountants’ role as inflation soars
Using ICAEW inflation data, PwC UK Senior Economist Barret Kupelian assesses influential factors contributing to historically high inflation and explores what this means for businesses and the role of accountants.
ReadMazars: deflation is dependent on multiple global economies
From ending war to kickstarting manufacturing, George Lagarias, Chief Economist at Mazars, examines how global markets have dealt with inflation during the 20th century, adding what we can learn from their experience.
ReadRSM: inflation spike harks back to post-war peak
ICAEW’s graphic highlights similarities between post-pandemic and post-Second World War inflation, say Thomas Pugh and Simon Hart from RSM, who explain what businesses should be doing to mitigate the effects.
ReadEY: inflation inevitable after the pandemic
Using ICAEW inflation data, EY UK Chief Economist Peter Arnold assesses key drivers behind rising inflation over the past seven decades and predicts how this current wave of high inflation looks set to pan out.
ReadCharts and tables
Inflation adds fuel to the deficit as cost of borrowing soars
Economic pressures mount as the public sector deficit reaches £55bn in the first three months of the fiscal year.
ViewInflation: 75 years of ups and downs
What can decades of inflation data tell us about the current economic situation? ICAEW’s interactive graphic sheds light on the likely outlook.
ViewChart of the week: Inflation around the world
This week we look at how inflation is racing upwards across the world, with the UK reporting in April one of the highest rates of increase among developed countries.
ViewBusiness confidence damaged by rising inflation, says ICAEW
Concerns on the tightening of the economy and rising inflation cause business confidence in the UK to fall for the third quarter in a row, ICAEW survey finds.
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