Why the inflation rise might not be as bad as you think

Sky News Daily

Wednesday, 20 November 2024 - 14 minutes

Rising energy prices pushed up inflation in October, meaning prices elsewhere will also rise. As businesses warn Labour's first budget could lead to further price rises and even job cuts, where does this leave Chancellor Rachel Reeves's plan for the UK to be the fastest growing economy in the G7? Niall Paterson is joined by Sky's economics and data editor Ed Conway, who explains what's behind last month's inflation rise and why he thinks there could be some good news on the horizon. Producer: Rosie Gillott Editor: Philly Beaumont