UK Energy Shock Nears 2022 Footprint As Broader Inflation Stays Subdued

(MENAFN- ValueWalk) LONDON, 14 September 2026 – Britain's latest energy shock has reached almost the same concentration in the inflation signal as the shock that followed Russia's invasion of Ukraine in 2022, but has so far produced a very different pattern across the wider economy, according to new analysis from Permutable.

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Second-round Effects Remain Limited Headline Pressure Is Rising Again Gilts Are Telling A Different Story Why 2026 Looks Different

Research using Permutable's Global Macro Sentiment Indices (GMSI) shows energy accounted for 42.1% of the absolute UK inflation signal on 9 September 2026, compared with 42.7% on the same date in 2022.

The two episodes produce a similar headline reading, but for very different reasons.

In 2022, the energy shock spread rapidly into the wider inflation basket, particularly food. In 2026, the pressure has remained far more concentrated.

During Q3 2022, Permutable's...

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