Barclays released a heat‑map analysis comparing UK economic indicators during the current energy price shock with past shocks in 2011 and 2022.
The analysis standardises each measure using z‑scores against long‑term means and visualises supply‑demand conditions affecting inflation.
Findings suggest second‑round effects of the present shock will resemble the limited impact observed in 2011 rather than the persistent inflation of 2022.