There is hope for households across Britain that inflation, finally, has peaked. After hitting a 41-year high of more than 11% in October as energy bills soared, the fall in the annual inflation rate in December for a second consecutive month will come as a relief.
However, prices remain high and are still rising fast. Lower inflation rates do not mean prices are falling for consumers; it is just that the annualised rate of increase is not rising quite as fast as a month ago.
