Inflation in the United Kingdom may once again exceed the target set by the Bank of England in October. The possible rise in inflation is driven by rising prices for energy and raw materials in global markets. Consumers may be confronted with increased prices for oil and natural gas, which impacts the overall level of inflation in the country.
It is expected that inflation in the United Kingdom will continue to rise, after an increase is observed in the coming months. Some economists suggest that the rise in inflation may cause concern among consumers and raise prices for goods and services.
"Increased inflation may affect the purchasing ability of citizens and worsen the economic situation overall," noted one of the financial analysts.
Final data on the inflation rate will be published at the end of the month, and only after that will it become clear whether inflation returns to high levels.
