Sky's Ed Conway digs into the data and says it is clear there is plenty more inflationary pressure in the pipeline but the headline figure is likely to settle until October.
Data covering factory gate inflation shows there is further price pressure from rising energy prices in the pipelineThe consumer price index is the main measure we use to track how fast the prices of the goods and services we tend to buy are rising.
It's far from a perfect measure: it takes a typical"shopping basket" of items based on average household spending, but by definition for most households their personal inflation rate will be quite different.is higher than we've had since the creation of this particular index . But according to the Office for National Statistics, which has tried to create a synthetic version of CPI going back to the 1950s, this is the highest level since 1982.
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