Inflation is impossible to predict and makes business planning impossible

Greggs' vegan steak bake comes after the success of the bakery's meat-free sausage roll (Picture: Greggs)

From a business point of view the main problem with inflation is that it is presently unknowable and therefore unmanageable.

If it were possible to plan on the basis that inflation would, let’s say, go to 10% by July but drift down after that, that’s workable.