MARKETS

UK inflation could top 22% by winter because of gas prices

INFLATION in the UK could soar to its highest level since 1975 if global gas prices don't fall from their historic highs, Wall Street investment bank Goldman Sachs said in a note yesterday.

Tim Daiss

UK inflation could top 22% by winter because of gas prices

The cost of living could climb to a peak of 22.4% if Ofgem, the country's energy regulator, is forced to heap even more woe onto households by passing on elevated gas prices again in January, Goldman Sachs...

Start a free trial to continue reading this article

Already have an account? Sign in here

Subscribe now

MOST POPULAR

EXPLORATION

New location for Chuditch gas probe off Timor Leste, LNG potential eyed

OPERATIONS

Court approves Santos' request to access activists' financial records and correspondences

OPERATIONS

Beach Energy makes headway on axing jobs

OPERATIONS

Mitsui gets nod for enhanced Waitsia gas proposal

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.