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Putin's War on our Wallets

The Morning Brief

00:00

Oil Prices

The inflationary war, as you call it, is going to considerably jack up the levels of inflation. So if we had forecasted an average inflation of around five % for the coming fiscal year, so that might just have to be jacked up by about one whole percentage point. What this war does, what the european war does, is kind of intensified pressures of things like commodity prices. And its totjust oil, a whole bunch of industrial commodities, which is goi to requir the pitch and create a far more inflationary environment than before.

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