Inflation in the UK has dropped from 6.3% to 4.7% and Rishi Sunak, Jeremy Hunt and the UK Government are celebrating.

The problem is that UK inflation is far from over - there are multiple red flags in the data and the only reason it dropped is because of a decrease in the energy price cap.

The truth is - UK CPI is in a precarious state with a wage price spiral and the mortgage crisis set to make things worse in the coming months.

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