100+ datasets found
  1. Gas prices forecast in the UK 2019-2030

    • statista.com
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    Statista, Gas prices forecast in the UK 2019-2030 [Dataset]. https://www.statista.com/statistics/374970/united-kingdom-uk-gas-price-forecast/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    The price of gas in the United Kingdom was 106 British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to 131 pence in the second quarter of 2025 before gradually falling to just under 80 pence by the second quarter of 2027.
    Surging energy costs and the cost of living crisis At the height of the UK's recent cost of living crisis in 2022, approximately 91 percent of UK households were experiencing rising prices compared with the previous month. It was during 2022 that the UK's CPI inflation rate reached a peak of 11.1 percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching 26.6 percent, and food prices increasing by 18.2 percent at the height of the crisis. Global Inflation Crisis The UK was not alone in suffering rapid inflation during this time period, with several countries across the world experiencing an inflation crisis. The roots of the crisis began as the global economy gradually emerged from the COVID-19 pandemic in 2021. Blocked-up supply chains, struggled to recover as quickly as consumer demand, with food and energy prices also facing upward pressure. Russia's invasion of Ukraine in February 2022 led to Europe gradually weening itself of cheap Russian energy exports, while for several months Ukraine struggled to export crucial food supplies to the rest of the World.

  2. T

    Gasoline - Price Data

    • tradingeconomics.com
    • no.tradingeconomics.com
    • +17more
    csv, excel, json, xml
    Updated Feb 15, 2025
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    TRADING ECONOMICS (2025). Gasoline - Price Data [Dataset]. https://tradingeconomics.com/commodity/gasoline
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    json, csv, xml, excelAvailable download formats
    Dataset updated
    Feb 15, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Oct 3, 2005 - Mar 27, 2025
    Area covered
    World
    Description

    Gasoline increased 0.22 USD/GAL or 10.89% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on March of 2025.

  3. U.S. Henry Hub price forecast 2023-2026

    • statista.com
    • flwrdeptvarieties.store
    Updated Mar 13, 2025
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    Statista (2025). U.S. Henry Hub price forecast 2023-2026 [Dataset]. https://www.statista.com/statistics/1557811/forecast-annual-henry-hub-price-us/
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    Dataset updated
    Mar 13, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The annual average Henry Hub price declined to 2.2 U.S. dollars per million British thermal unit in 2024. According to a forecast released in February 2025, Henry Hub natural gas prices will more than double by 2026 amid greater demand forecast.

  4. T

    Natural gas - Price Data

    • tradingeconomics.com
    • pt.tradingeconomics.com
    • +16more
    csv, excel, json, xml
    Updated Mar 27, 2025
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    TRADING ECONOMICS (2025). Natural gas - Price Data [Dataset]. https://tradingeconomics.com/commodity/natural-gas
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    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Mar 27, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 3, 1990 - Mar 27, 2025
    Area covered
    World
    Description

    Natural gas increased 0.21 USD/MMBtu or 5.84% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on March of 2025.

  5. Forecasted U.S. price of natural gas 1980-2025

    • statista.com
    Updated Oct 30, 2016
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    Forecasted U.S. price of natural gas 1980-2025 [Dataset]. https://www.statista.com/statistics/657334/natural-gas-prices-in-the-united-states-forecast/
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    Dataset updated
    Oct 30, 2016
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    1980 - 2015
    Area covered
    Worldwide
    Description

    This statistic shows the price of natural gas in the United States from 1980 to 2015, and provides projections until the year 2025. In 2017, U.S. natural gas is expected to cost approximately 2.74 real 2010 U.S. dollars per million British thermal units.

  6. T

    UK Natural Gas - Price Data

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +17more
    csv, excel, json, xml
    Updated Mar 24, 2025
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    TRADING ECONOMICS (2025). UK Natural Gas - Price Data [Dataset]. https://tradingeconomics.com/commodity/uk-natural-gas
    Explore at:
    csv, json, xml, excelAvailable download formats
    Dataset updated
    Mar 24, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 30, 1997 - Mar 26, 2025
    Area covered
    World, United Kingdom
    Description

    UK Gas decreased 26.27 GBp/Thm or 20.95% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on March of 2025.

  7. Liquefied Natural Gas Price Trend, Index, Chart, Monitor, Analysis and...

    • imarcgroup.com
    pdf,excel,csv,ppt
    Updated Jun 19, 2024
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    IMARC Group (2024). Liquefied Natural Gas Price Trend, Index, Chart, Monitor, Analysis and Forecast [Dataset]. https://www.imarcgroup.com/liquefied-natural-gas-pricing-report
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jun 19, 2024
    Dataset provided by
    Imarc Group
    Authors
    IMARC Group
    License

    https://www.imarcgroup.com/privacy-policyhttps://www.imarcgroup.com/privacy-policy

    Time period covered
    2024 - 2032
    Area covered
    Global
    Description

    In the fourth quarter of 2023, the price of liquefied natural gas in India reached 589 USD/MT by December. Similarly, in Germany, the liquefied natural gas prices hit 654 USD/MT during the same month in 2023.

    Liquefied Natural Gas Prices December 2023

    Product
    CategoryRegionPrice
    Liquefied Natural GasOthersIndia589 USD/MT
    Liquefied Natural GasOthersGermany654 USD/MT

    Explore IMARC’s newly published report, titled “Liquefied Natural Gas Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of liquefied natural gas pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
  8. U

    United States EIA Forecast: Natural Gas Price: Retail: Commercial Sector

    • ceicdata.com
    Updated Nov 27, 2021
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    CEICdata.com (2021). United States EIA Forecast: Natural Gas Price: Retail: Commercial Sector [Dataset]. https://www.ceicdata.com/en/united-states/energy-price-forecast-energy-information-administration/eia-forecast-natural-gas-price-retail-commercial-sector
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    Dataset updated
    Nov 27, 2021
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 2019 - Dec 1, 2019
    Area covered
    United States
    Description

    United States EIA Forecast: Natural Gas Price: Retail: Commercial Sector data was reported at 7.865 USD/1000 Cub ft in Dec 2019. This records a decrease from the previous number of 7.929 USD/1000 Cub ft for Nov 2019. United States EIA Forecast: Natural Gas Price: Retail: Commercial Sector data is updated monthly, averaging 8.022 USD/1000 Cub ft from Mar 2016 (Median) to Dec 2019, with 46 observations. The data reached an all-time high of 8.726 USD/1000 Cub ft in Aug 2017 and a record low of 6.991 USD/1000 Cub ft in Apr 2016. United States EIA Forecast: Natural Gas Price: Retail: Commercial Sector data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P003: Energy Price: Forecast: Energy Information Administration.

  9. U

    United Kingdom BOE Forecast: Gas Prices

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). United Kingdom BOE Forecast: Gas Prices [Dataset]. https://www.ceicdata.com/en/united-kingdom/crude-oil-and-gas-prices-forecast/boe-forecast-gas-prices
    Explore at:
    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2014 - Dec 1, 2020
    Area covered
    United Kingdom
    Description

    United Kingdom BOE Forecast: Gas Prices data was reported at 60.000 0.01 GBP/Therm in 2021. This records a decrease from the previous number of 61.000 0.01 GBP/Therm for 2020. United Kingdom BOE Forecast: Gas Prices data is updated yearly, averaging 56.500 0.01 GBP/Therm from Dec 2014 (Median) to 2021, with 8 observations. The data reached an all-time high of 71.000 0.01 GBP/Therm in 2018 and a record low of 37.000 0.01 GBP/Therm in 2015. United Kingdom BOE Forecast: Gas Prices data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.P009: Crude Oil and Gas Prices: Forecast.

  10. Neon Gas Prices, Trend, News, Monitor, Chart & Demand

    • imarcgroup.com
    pdf,excel,csv,ppt
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    IMARC Group, Neon Gas Prices, Trend, News, Monitor, Chart & Demand [Dataset]. https://www.imarcgroup.com/neon-gas-pricing-report
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset provided by
    Imarc Group
    Authors
    IMARC Group
    License

    https://www.imarcgroup.com/privacy-policyhttps://www.imarcgroup.com/privacy-policy

    Time period covered
    2024 - 2032
    Area covered
    Global
    Description

    In the fourth quarter of 2023, the price of neon gas in Germany reached 827 USD/MT by December. This report delves into the spot price of neon gas at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed neon gas price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

    Neon Gas Prices December 2023

    Product
    CategoryRegionPrice
    Neon GasOthersGermany827 USD/MT

    Explore IMARC’s newly published report, titled “Neon Gas Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of neon gas pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
  11. U.S. forecast of prices for natural gas and coal 2016-2050

    • statista.com
    Updated Dec 20, 2023
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    Statista (2023). U.S. forecast of prices for natural gas and coal 2016-2050 [Dataset]. https://www.statista.com/statistics/189185/projected-natural-gas-vis-a-vis-coal-prices/
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    Dataset updated
    Dec 20, 2023
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2016
    Area covered
    United States
    Description

    The statistic gives projections of the cost for coal and natural gas between 2016 and 2050. It is predicted that in 2020, natural gas cost will 6.69 U.S. dollars per million British thermal units compared with 6.13 for metallurgical coal.

  12. T

    Slovenia Gasoline Prices

    • tradingeconomics.com
    • jp.tradingeconomics.com
    • +16more
    csv, excel, json, xml
    Updated Mar 2, 2022
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    TRADING ECONOMICS (2022). Slovenia Gasoline Prices [Dataset]. https://tradingeconomics.com/slovenia/gasoline-prices
    Explore at:
    excel, json, xml, csvAvailable download formats
    Dataset updated
    Mar 2, 2022
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1995 - Feb 28, 2025
    Area covered
    Slovenia
    Description

    Gasoline Prices in Slovenia decreased to 1.49 USD/Liter in February from 1.52 USD/Liter in January of 2025. This dataset provides the latest reported value for - Slovenia Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  13. Gasoline report - international gasoline prices

    • ouvert.canada.ca
    • data.ontario.ca
    • +1more
    csv, xlsx
    Updated Mar 12, 2025
    + more versions
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    Government of Ontario (2025). Gasoline report - international gasoline prices [Dataset]. https://ouvert.canada.ca/data/dataset/db90f229-be24-468a-bbce-46f710e7af76
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    csv, xlsxAvailable download formats
    Dataset updated
    Mar 12, 2025
    Dataset provided by
    Government of Ontariohttps://www.ontario.ca/
    License

    Open Government Licence - Canada 2.0https://open.canada.ca/en/open-government-licence-canada
    License information was derived automatically

    Description

    This dataset provides monthly, quarterly and annual average regular or premium unleaded gasoline pump prices, taxes and ex-tax pump prices in Canada, USA, France, Germany, Britain and Japan, all converted to Canadian cents per litre. To view charts and current fuel price data you can also visit the motor fuel prices page. *[USA]: United States of America

  14. i

    Natural Gas Price Trend, News, Monitor, Chart and Demand

    • imarcgroup.com
    pdf,excel,csv,ppt
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    IMARC Group, Natural Gas Price Trend, News, Monitor, Chart and Demand [Dataset]. https://www.imarcgroup.com/natural-gas-pricing-report
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset authored and provided by
    IMARC Group
    License

    https://www.imarcgroup.com/privacy-policyhttps://www.imarcgroup.com/privacy-policy

    Time period covered
    2024 - 2032
    Area covered
    Global
    Description

    During the last quarter of 2024, the natural gas prices in the USA reached 2742 USD/MT in December. Strong demand and geopolitical factors contributed to the steady rise in natural gas prices. Alongside inflation in LNG shipments to Europe and Mexico, the market was under pressure due to the increased need for heating caused by colder weather.

    ProductCategoryRegionPrice
    Natural Gas ChemicalUSA2742 USD/MT
    Natural Gas ChemicalChina2767 USD/MT
    Natural Gas ChemicalGermany35,882 USD/MT
    Natural Gas ChemicalSaudi Arabia2724 USD/MT

    Explore IMARC's latest publication, “Natural Gas Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the natural gas market, providing insights into both global and regional trends that are shaping prices.

  15. Gasoline Prices, Spain - Historical Prices & Forecasts – Free Previews...

    • intratec.us
    csv, json, pdf
    Updated Jan 9, 2025
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    Intratec Solutions (2025). Gasoline Prices, Spain - Historical Prices & Forecasts – Free Previews Available [Dataset]. https://www.intratec.us/products/energy-price-references/commodity/gasoline-price-spain
    Explore at:
    pdf, csv, jsonAvailable download formats
    Dataset updated
    Jan 9, 2025
    Dataset provided by
    Intratec Solutions, LLC
    Authors
    Intratec Solutions
    License

    https://www.intratec.us/docs/legal/index.pdfhttps://www.intratec.us/docs/legal/index.pdf

    Time period covered
    2015 - 2025
    Area covered
    Spain
    Description

    Have timely access to reliable Gasoline price assessments in Spain:

    • Gasoline (regular), export spot price, fob, Spain
    • Gasoline (premium), retail, Spain

    Each assessment includes Gasoline price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

    Gasoline price assessments for Spain and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

  16. U

    United States Natural Gas: Average Commercial Price: Tennessee

    • ceicdata.com
    Updated Aug 2, 2024
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    CEICdata.com (2024). United States Natural Gas: Average Commercial Price: Tennessee [Dataset]. https://www.ceicdata.com/en/united-states/natural-gas-prices
    Explore at:
    Dataset updated
    Aug 2, 2024
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 1, 2023 - Nov 1, 2024
    Area covered
    United States
    Description

    Natural Gas: Average Commercial Price: Tennessee data was reported at 10.850 USD/1000 Cub ft in Nov 2024. This records an increase from the previous number of 9.460 USD/1000 Cub ft for Oct 2024. Natural Gas: Average Commercial Price: Tennessee data is updated monthly, averaging 8.450 USD/1000 Cub ft from Jan 1989 (Median) to Nov 2024, with 425 observations. The data reached an all-time high of 17.600 USD/1000 Cub ft in Nov 2005 and a record low of 4.200 USD/1000 Cub ft in May 1989. Natural Gas: Average Commercial Price: Tennessee data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.

  17. U

    United States Natural Gas: Average Commercial Price: Kentucky

    • ceicdata.com
    Updated Aug 2, 2024
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    CEICdata.com (2024). United States Natural Gas: Average Commercial Price: Kentucky [Dataset]. https://www.ceicdata.com/en/united-states/natural-gas-prices
    Explore at:
    Dataset updated
    Aug 2, 2024
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 2024 - Dec 1, 2024
    Area covered
    United States
    Description

    Natural Gas: Average Commercial Price: Kentucky data was reported at 8.720 USD/1000 Cub ft in Dec 2024. This records a decrease from the previous number of 10.370 USD/1000 Cub ft for Nov 2024. Natural Gas: Average Commercial Price: Kentucky data is updated monthly, averaging 8.660 USD/1000 Cub ft from Jan 1989 (Median) to Dec 2024, with 432 observations. The data reached an all-time high of 19.370 USD/1000 Cub ft in Aug 2008 and a record low of 3.970 USD/1000 Cub ft in Jun 1993. Natural Gas: Average Commercial Price: Kentucky data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.

  18. G

    Germany DE: Gasoline Price: Without Taxes: LPG Motor Fuel

    • ceicdata.com
    Updated Mar 26, 2025
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    CEICdata.com (2025). Germany DE: Gasoline Price: Without Taxes: LPG Motor Fuel [Dataset]. https://www.ceicdata.com/en/germany/gasoline-price
    Explore at:
    Dataset updated
    Mar 26, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 23, 2024 - Mar 10, 2025
    Area covered
    Germany
    Variables measured
    Energy
    Description

    DE: Gasoline Price: Without Taxes: LPG Motor Fuel data was reported at 584.430 EUR/1000 l in 10 Mar 2025. This stayed constant from the previous number of 584.430 EUR/1000 l for 03 Mar 2025. DE: Gasoline Price: Without Taxes: LPG Motor Fuel data is updated weekly, averaging 430.050 EUR/1000 l from Jan 2005 (Median) to 10 Mar 2025, with 1005 observations. The data reached an all-time high of 893.070 EUR/1000 l in 09 May 2022 and a record low of 313.480 EUR/1000 l in 17 Oct 2016. DE: Gasoline Price: Without Taxes: LPG Motor Fuel data remains active status in CEIC and is reported by European Commission's Directorate-General for Energy. The data is categorized under Global Database’s Germany – Table DE.DG ENER: Gasoline Price.

  19. U

    United States Natural Gas: Average Residential Price: Nevada

    • ceicdata.com
    Updated Aug 2, 2024
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    CEICdata.com (2024). United States Natural Gas: Average Residential Price: Nevada [Dataset]. https://www.ceicdata.com/en/united-states/natural-gas-prices
    Explore at:
    Dataset updated
    Aug 2, 2024
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 2024 - Dec 1, 2024
    Area covered
    United States
    Description

    Natural Gas: Average Residential Price: Nevada data was reported at 13.190 USD/1000 Cub ft in Dec 2024. This records a decrease from the previous number of 14.750 USD/1000 Cub ft for Nov 2024. Natural Gas: Average Residential Price: Nevada data is updated monthly, averaging 10.255 USD/1000 Cub ft from Jan 1989 (Median) to Dec 2024, with 432 observations. The data reached an all-time high of 27.380 USD/1000 Cub ft in Aug 2023 and a record low of 4.960 USD/1000 Cub ft in Jan 1993. Natural Gas: Average Residential Price: Nevada data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.

  20. U

    United States Natural Gas: Average Commercial Price: Maryland

    • ceicdata.com
    Updated Aug 2, 2024
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    CEICdata.com (2024). United States Natural Gas: Average Commercial Price: Maryland [Dataset]. https://www.ceicdata.com/en/united-states/natural-gas-prices
    Explore at:
    Dataset updated
    Aug 2, 2024
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 2024 - Dec 1, 2024
    Area covered
    United States
    Description

    Natural Gas: Average Commercial Price: Maryland data was reported at 11.930 USD/1000 Cub ft in Dec 2024. This records a decrease from the previous number of 14.760 USD/1000 Cub ft for Nov 2024. Natural Gas: Average Commercial Price: Maryland data is updated monthly, averaging 9.625 USD/1000 Cub ft from Jan 1989 (Median) to Dec 2024, with 432 observations. The data reached an all-time high of 19.900 USD/1000 Cub ft in Aug 2022 and a record low of 4.630 USD/1000 Cub ft in Apr 1992. Natural Gas: Average Commercial Price: Maryland data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.

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Statista, Gas prices forecast in the UK 2019-2030 [Dataset]. https://www.statista.com/statistics/374970/united-kingdom-uk-gas-price-forecast/
Organization logo

Gas prices forecast in the UK 2019-2030

Explore at:
5 scholarly articles cite this dataset (View in Google Scholar)
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
United Kingdom
Description

The price of gas in the United Kingdom was 106 British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to 131 pence in the second quarter of 2025 before gradually falling to just under 80 pence by the second quarter of 2027.
Surging energy costs and the cost of living crisis At the height of the UK's recent cost of living crisis in 2022, approximately 91 percent of UK households were experiencing rising prices compared with the previous month. It was during 2022 that the UK's CPI inflation rate reached a peak of 11.1 percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching 26.6 percent, and food prices increasing by 18.2 percent at the height of the crisis. Global Inflation Crisis The UK was not alone in suffering rapid inflation during this time period, with several countries across the world experiencing an inflation crisis. The roots of the crisis began as the global economy gradually emerged from the COVID-19 pandemic in 2021. Blocked-up supply chains, struggled to recover as quickly as consumer demand, with food and energy prices also facing upward pressure. Russia's invasion of Ukraine in February 2022 led to Europe gradually weening itself of cheap Russian energy exports, while for several months Ukraine struggled to export crucial food supplies to the rest of the World.

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