Inflation is a word that viewers are likely now hearing almost every day. It's the term we use to talk about the cost of things that most of us regularly buy, like food and clothes, electricity bills, and the materials and resources used by businesses. Wherever you're watching, it’s almost certain you've noticed these prices rising – your home and vehicle fuel costs, or certain foodstuffs like wheat, flour and sunflower oil that have been particularly impacted by shortages due to Western sanctions on Russia. In late August, French President Emmanuel Macron said it was time to accept "the end of abundance".
As Europe heads into winter, with Russia continuing its war against Ukraine, and the European Union and its allies continuing their sanctions on Moscow, we're asking how bad things are likely to get, and what our decision-makers can and will do about it.
