Inflation is heating up but don't expect another crisis

Inflation is heating up but don't expect another crisis The fallout from the war in Iran cranked up the heat on households last month as energy bills rose - how uncomfortable could inflation get from here? The first thing to remember is that a small amount of price rises is normal. It is the sign of a healthy, functioning economy. But with food alone costing a third more than it did four years ago, thanks to a spike in inflation early in the war in Ukraine, it can feel a battle to make ends meet. The good news is inflation since the war in Iran erupted has actually been more muted than economists initially feared.