UK outlook and sensitivity to gas

Nora Szentivanyi is joined by Raphael Brun-Aguerre, Michael Hanson and Allan Monks to discuss global inflation developments heading into the Iran conflict; the first-order impact of higher oil prices on headline CPI inflation; the likelihood and magnitude of second-order effects on core inflation and inflation expectations; and how central banks are likely to react to the shock.

This podcast was recorded on March 12, 2026.

This communication is provided for information purposes only.  Institutional clients can view the related reports at

https://www.jpmm.com/research/content/GPS-5216250-0

https://www.jpmm.com/research/content/GPS-5232201-0

https://www.jpmm.com/research/content/GPS-5222819-0

https://www.jpmm.com/research/content/GPS-5222602-0

https://www.jpmm.com/research/content/GPS-5223806-0

https://www.jpmm.com/research/content/GPS-5229672-0

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