Is Inflation in the UK Peaking or Getting Stuck?

Economist Vicky Pryce discussed the latest UK inflation figures, which held steady at 3.8% in September, marking a third consecutive month without change. She noted that while food prices have now stabilized and are beginning to ease, overall inflation remains well above the Bank of England’s 2% target. Pryce suggested that this could mark the peak for inflation, with a gradual slowdown expected into next year. However, high energy and housing costs continue to hit lower-income households.