The rate of inflation dropped by a modest amount between October and November, from 11.1% to 10.7%. Have we passed the top of the peak?
“I know it is tough for many right now, but it is vital that we take the tough decisions needed to tackle inflation – the No. 1 enemy that makes everyone poorer. If we make the wrong choices now, high prices will persist and prolong the pain for millions.”
“Today’s numbers show just our weak our [sic] economy continues to be, but we do not have to continue on this path of managed decline.”
Over to the Bank of England MPC…