Wednesday, December 15, 2021

Inflation Hits 5.1% - Let It Run Hot

The cost of living surged by 5.1% in the 12 months to November, up from 4.2% the month before, and its highest level since September 2011.

Higher transport and energy costs drove the rise, which was above forecasts of a 4.7% increase, the Office for National Statistics (ONS) said.

I am relaxed about letting it run hot until May or June. Also, given omicron imminent shutdown it is nigh on impossible for the MPC to raise rates. 

I could of course be wrong though, this is economics though not the accurate science of covid models!

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