Tim Foulkes

CPI inflation remains stubbornly high at 10.1% - and there are two main reasons. The first is the price of putting a roof over your head - up 26.1% over the last 12 months The second is spiralling food price inflation - which at 19.1% during the year to March is at a 45-year high. Driven by food and housing costs, this inflation data remains politically explosive. This cost-of-living crisis is still very much with us - and will continue to dominate politics, as it has for the past 18 months.