Inflation in Great Britain in annual terms, according to data for June, jumped to a new record value for the last 40 years - 9.4%. This was worse than the forecasted estimate and was the highest among the G7 countries. In May the index was 9.1%. The main factor contributing to the jump was a sharp rise in prices of food products and gasoline.

The growth of consumer prices now significantly outpaces the growth of wages in the country, says the publication Forbes. According to experts, in October, inflation will jump to 11% on the background of the expected rise in energy prices. The Bank of England, which is going to raise its key rate, warned that high inflation could last for a long time if businesses continue to raise prices because of rising costs of raw materials and wages. According to its chief executive Nathaniel Benjamin, investment banks will have to adapt to the fact that money will no longer be as cheap as it has been for a long time - this readjustment could cause difficulties.