Jump to content
House Price Crash Forum


This topic is now archived and is closed to further replies.


Will Fuel Prices Push Up Inflation?

Recommended Posts

This has been puzzling me for a few days now.

I saw a piece on the news at the weekend that said that fuel prices (unleaded) were around 80p per litre at the beginning of 2005. I distinctly remember my local Tesco was selling it at 79.9. We're now looking at national prices around a £1 a litre.

I wandered what effect this would have on UK inflation? (I thought it would have quite a substantial effect as the hike in fuel is pushing 20%.)

Also, there was talk that interest rates would also need to come down to help consumer spending and i've read various articles in the media saying that this was almost certain... :unsure:

Here's my question: Is inflation likely to rise rapidly due to the cost of fuel?

If it does...

Are interest rates likely to go down any time soon?

Any thoughts?

Share this post

Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 336 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.