Businesses are charging more for their products because of the higher costs they face. There is also pressure on prices from developments at home. Higher prices for goods from abroad also played a big role. It led to a big rise in the price of gas and some food basics like wheat. One of the main causes of today’s inflation is Russia’s invasion of Ukraine. It has been around 10% since last summer, well above our target of 2%. News and publications Open News and publications sub menu.Option-implied probability density functions Gross Domestic Product Real-Time Database The PRA’s statutory powers and enforcement Money Markets Committee and UK Money Markets Code Greening our Corporate Bond Purchase Scheme (CBPS) Operational resilience of the financial sector Wholesale cash distribution in the futureįinancial market infrastructure supervision
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