Assuming the City economists have it right (you can make your own joke), the August inflation number will be back above seven per cent — 7.2%, perhaps.
That would be up from 6.8% in July and the first time inflation has risen since February.
That’s quite a dent in the narrative from Rishi Sunak that inflation is, if not licked, then firmly heading in the right direction.
This story is from the September 19, 2023 edition of Evening Standard.
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This story is from the September 19, 2023 edition of Evening Standard.
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