Inflation is back, and there’s plenty more in the pipeline

Inflation is back, and there’s plenty more in the pipeline - short news


Analysis: Households face triple whammy of higher taxes and energy bills, with wages failing to keep pace

Inflation was supposed to be yesterday’s problem. This time last year, the government’s preferred measure of the annual increase in the cost of living was running at less than 1%. Now it stands at 5.4% – the highest in almost 30 years – and it has not peaked yet.

With the lagged impact of the supply-chain bottlenecks of last autumn feeding through into prices in the..


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source: The Guardian - 19.01.2022

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