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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Inflation is still causing pain and Bank of England risks making situation worse

Bank of England Inflation England Interest Rates
Bank of England, Threadneedle Street, London,
The Bank of England’s monetary policy committee is due to make a decision on interest rates on Thursday. Photograph: David Sillitoe/The Guardian

Inflation is falling in the UK and is likely to stay on a downward trajectory throughout next year. That’s the good news.

The bad news is that inflation will continue to be high relative to wages and pension incomes, eating into living standards.

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