Inflation in the UK just increased up to 4.0% while CPIH remained at 4.2% and for some reason, Rishi Sunak, Jeremy Hunt and the UK Government are not celebrating.

The UK inflation problem is not over and one of the biggest problems is that the official inflation data is missing the biggest problem - the UK Mortgage Crisis.

We have a wage-price spiral which is making things worse and the only reason inflation is low is because the Owner Occupier Cost metric is artificially low and energy prices happen to be down.

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