Stagflation worries emerge as higher inflation rates become a worrying trend

UK inflation at 3.6%

Talks of 'stagflation' have begun among City experts, after the latest UK inflation numbers remain stuck above the Bank of England’s target of 2%, rising to 3.6% in June.

According to the Office for National Statistics, this was up from 3.4% in May and above expectations from economists polled by Reuters. 'No difference in my view': Reeves LTAF-ISA decree not enough to force platforms to offer them Dan Coatsworth, investment analyst at AJ Bell, said: "There is a real threat of stagflation as the rate of inflation moves higher and the economy is stuck in the mud.2 According him "it puts the Bank of England in a tricky situation with regards to monetary policy decisions". The analyst warned that "the return of higher inflation becomes a trend, then...