fbpx

Inflation concerns hit 40-year high as prices keep rising

More people in Britain are concerned about inflation now than at any point since the early 1980s, an Ipsos survey suggests.

25 July 2022

Public concern about inflation has reached its highest level for 40 years as prices continue to climb, a survey suggests.

A poll by Ipsos found 45% of British adults thought inflation was one of the most important issues facing the country.

The figure represents not only an increase on the 40% who listed inflation as a concern in June, but also the highest recorded level of concern since Ipsos started its monthly issues tracking survey in the early 1980s.

Concern about rising prices tracks inflation itself, which reached a 40-year high of 9.4% in June, while economists fear it could end up exceeding 10%.

ECONOMY Inflation
(PA Graphics)

The survey, which asked 1,000 British adults what they thought were the most important issues facing Britain today, found inflation was by far the biggest concern, followed by the economy in general, which was mentioned by 34% of people.

No other issue scored more than 16%, including the NHS, Brexit, climate change and immigration.

People aged between 18 and 34 were even more likely to mention inflation, with 53% saying they were concerned about rising prices.

Mike Clemence, a senior consultant at Ipsos, said: “Public concern about inflation continues to increase, matching the rises we see in the official inflation rate.

“Now almost half of the public mention rising prices as one of the biggest issues for Britain, the highest level we’ve seen since the early Eighties.”

But, he added, “very few” people were worried about unemployment despite the worsening economic picture.

Just 3% of people listed unemployment as a major issue facing the country, the lowest level Ipsos has recorded since it began its issues surveys in 1974.

More from Perspective

Get a free copy of our print edition

News

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Your email address will not be published. The views expressed in the comments below are not those of Perspective. We encourage healthy debate, but racist, misogynistic, homophobic and other types of hateful comments will not be published.