(Global Stagflation) - 'Britain's main inflation rate has soared to 9.4% - and could hit 15% in early 2023..' - 'New all-time high [eurozone inflation] of 8.9%'

'..Another critical characteristic of the earlier inflation era was frequent temporary reversals in inflation, only to be followed by new peaks..'

- (Global Stagflation)(Inflation out of control) - Inflationary Psychology Has Set In. Dislodging It Won’t Be Easy.


'Britain's main inflation rate has soared to 9.4% - and could hit 15% in early 2023 according to the Resolution Foundation think-tank - as the repercussions of Russia's invasion of Ukraine combine with post-pandemic strains on the world economy.'

- Bank of England on brink of biggest rate hike since 1995, August 4, 2022



Context

Inflation across the eurozone reaches new all-time high of 8.9%, July 29, 2022

(Global Stagflation)('..loss of central bank credibility..') - New era of inflation will bedevil central banks and bond markets

(Global Stagflation)(Inflation out of control) - Netherlands inflation rising again; 11.6 percent in July