Sam Liddle: Pricing power — the catch-all solution to increasing inflation uncertainty

Ed. This article was written before the 14 July inflation announcement. Read the article here UK inflation hit 2.1% in May, not only representing the CPI's largest jump in six months but, more importantly, exceeding City economist forecasts of 1.8% by a notable margin. The biggest driver by far was the price of fuel, which — as many readers will have no doubt noticed — has soared in recent times alongside spiking crude oil prices. Meanwhile, other factors adding fuel to the fire included the price of clothes, beverages, and even online computer games and music. These reasons aside,...