Natural gas supply shortages have already doubled to quadrupled related prices from home heating, electricity production, to fertilizer production throughout Europe. With Fall and Winter rapidly approaching their inflation rates are likely to reach new highs (in the 15-20% range but remaining out of control). The sanctions against Russia have not succeeded as expected given the pain throughout Europe and Russia’s ability to redirect much of their exports to the BRIC countries (importantly China and India). Today’s summary analysis of U.K. data can be used to gain an understanding of upcoming out of control inflation in the rest of Europe and, possibly, the U.S. Investment re-weightings should be considered as a defensive move to protect capital and dividends.