# UK inflation could top 5% by early 2022, says Bank’s new chief economist | Bank of England | The Guardian

> The Bank of England's new chief economist said UK inflation could rise above 5% by early 2022. The report cites soaring petrol prices and shortages of lorry drivers and materials as pressures on households and businesses.

- Date: 2021-10-22 · published 2021-10-22T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/44807-uk-inflation-could-top-5-by-early-2022-says-bank-s-new-chief-economist-bank-of
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Persistent UK inflation raises the likelihood of tighter monetary policy, which can firm sterling and shape UK food and feed cost pressures. Its direct effect on feed commodity prices is limited.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- theguardian.com: https://www.theguardian.com/business/2021/oct/22/uk-inflation-could-top-5-per-cent-early-2022-bank-new-chief-economist

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.