Figures just released from the Office of National Statistics, have confirmed what most forecasters and economic gurus have suspected, that inflation in the UK has not topped out yet and will only be a matter of time before double figures are reached.  This gain is just over .25% higher than May's 40 year high of 9.1%.  Fuel prices at the pumps seem to be magically stuck close to the highly noticeable £2.00 per litre level, despite wholesale market fuel prices being significantly lower.

The standard International oil bench mark being Brent Crude, hit highs of US$ 123 in March this year and was at US$ 120 in early June but is now at US$ 105 with futures prices suggesting it goes  through the US$ 100 barrier soon. No sign of this reflecting at the pumps as yet.

And consumer food pricing? Just ask the average housewife how prices are bouncing about all over the place by massive percentages, some with reasonable excuses linked to the Russian Invasion of Ukraine, some pure profiteering that will come to light in their results in due course. How these  companies like a situation when they can do what they like with pricing and no one can be sure what exactly is driving it. The same situation of course has been going on with the with the older energy companies for years who will be blaming the war for price hikes long after it has finished. Just keep your eyes on your local pump prices and the financial results of supermarkets, and the big oil and energy giants.