Inflation now up to 5.2 per cent
The good news today is that the stock markets appear to be rallying following action by governments around the world to revive the banking sector...
The bad news is inflation is now at 5.2 per cent. Ever-increasing food and oil prices are seemingly to blame.
We shouldn’t be too surprised given the Bank of England’s statement last week when it cut interest rates.
But still… ouch.