Inflation Series

At the end of January, the Governor of the Bank of England, Andrew Bailey, voiced his “great concern” regarding inflationary pressure in the UK economy.

Anxieties around the future path of inflation are high: the current inflationary pressures are in stark contrast to the low inflation economy we have become accustomed to.

In this article, the first in a series we intend to release on this and other topics, we look at the history of inflation in the UK, the causes of it and what it meant for the economy.