August 18, 2023

Have we turned the corner on high inflation or could it bounce back?

43 minutes

The inflation spike took central banks, governments and many ordinary people by surprise but Britain’s cost of living problem has proved more stubborn that most.

The latest set of official figures on consumer prices index inflation seem to show that the UK may be making some headway on getting it down.

Aided by a substantial drop in the energy price cap, annual CPI inflation fell to 6.8 per cent in July – down from 7.9 per cent in June.

Does that mean we have turned a corner on inflation and can look forward to Rishi Sunak delivering on his promise of halving it this year?

Or were there once again some hidden nasties in the inflation report that could mean it takes longer to subside?

On this week’s podcast, Georgie Frost, Helen Crane and Simon Lambert dig into the inflation data and look at why economists decide that real wage growth was something to worry about.

The team look at what this could mean for interest rates and where they will peak – and what that in turn means for mortgaged homeowners and savers.

Also this week, the triple lock is set to deliver another big state pension boost, is that fair?

Plus, why did Nationwide freeze a reader’s bank account for their charitable work.

And finally, would you try to fix your own furniture? Here’s how some mayonnaise and an iron could help revive your dining table and more.

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Text us 020 7938 6000.

Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane

Producer: Georgie Frost

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