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Could we see 7% inflation this year?

EPISODE · May 14, 2026 · 4 MIN

Could we see 7% inflation this year?

from The Hard Shoulder

AIB's latest economic outlook is warning that inflation could peak at the higher rate of 7% if the Strait of Hormuz blockade continues for the rest of the year. This is in comparison to its initial case forecast of 4%. So, what does this actually mean?Joining Shane to discuss is Deloitte’s Chief Economist, Kate English.

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Could we see 7% inflation this year?

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This episode was published on May 14, 2026.

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AIB's latest economic outlook is warning that inflation could peak at the higher rate of 7% if the Strait of Hormuz blockade continues for the rest of the year. This is in comparison to its initial case forecast of 4%. So, what does this actually...

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