If the government wants to halve inflation by the end of the year, it would be well advised to spend less time criticising retailers and more time listening to them, argues British Retail Consortium chief executive Helen Dickinson
It’s been almost two years since the Bank of England hit its target of 2% inflation. That’s 23 letters from the Bank of England governor to the chancellor explaining why that has been missed.
Inflation over the last quarter has started going in the right direction – with gradual falls in food inflation and headline figures – but progress remains slow.
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