UK inflation jumps to a 30-year high of 6.2%, intensifying the cost-of-living crisis (Business Insider)

https://markets.businessinsider.com/news/stocks/uk-inflation-february-energy-cost-of-living-bank-of-england-2022-3 Prices rose across the UK economy at the fastest rate in 30 years in the year to February, intensifying a cost-of-living crisis in the country. Year-on-year consumer price index inflation hit 6.2% in February, the Office for National Statistics said Wednesday, …

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Here comes $7 gas prices….Russian/Ukrainian crisis will fuel more inflation… and cause deep recession? Tightening is doomed to end prematurely?

https://twitter.com/MFHoz/status/1496128050379042823 The cost of Russia's aggression in Ukraine will be deep recession, with financial conditions tightening sharply via interest rates, the stock market & CDS (white). Very little spillover to CEEMEA, including Turkey (orange) & South Africa (yellow). But contagion …

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