3 Results
Nick Boyer Senior Director, Strategic Consulting at PROS
According to the Office for National Statistics (ONS), inflation in the UK reached 9.4% in June, a percentage not seen within the last 40 years. The rate of increase for raw material prices reached a new high of 24% in June 2022, up from 22.4% in May 2022. The month also saw producer output prices (factory gate prices) increase by 16.5 percent, up...
31 August 2022 /markets Artificial Intelligence and Financial Services
The UK is in the midst of an inflation crisis: with rates soaring, inflation is forecast to hit 8% by April 2022 according to economists. Due to a combination of factors, including the fallout from Covid, Brexit and supply chain disruptions, companies are experiencing a dramatic rise in their input costs, due to the price of transport and material...
25 April 2022 /markets Artificial Intelligence and Financial Services
UK businesses are being hit by the highest levels of inflation in over 30 years, with Input Producer Price Inflation hitting 13.6% on the year to January 2022. In comparison, output price inflation was 9.9 percent during the same period. The fallout from Covid-19 is driving up the cost of raw materials and disrupting global supply chains, not to m...
29 March 2022 /cloud /markets Business
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