UK Inflation Eases From 40-Year High

The video discusses the current state of inflation in the UK, highlighting a slight decrease to 9.9% but noting concerns about core inflation trends. It examines the impact of energy prices and government measures on inflation forecasts. The discussion also covers rising wages and their contribution to demand-driven inflation. The Bank of England's monetary policy is critiqued for being behind the curve, with predictions of further interest rate hikes. The video concludes with an economic outlook, suggesting potential interest rate cuts in 2023 due to recession risks.

What are the forecasts for inflation in October according to the text?

What is the current inflation rate mentioned in the text?

What impact does the energy price cap have on inflation forecasts?

How are wages affecting inflation in the UK as discussed in the text?

What is the expected terminal interest rate in the UK according to the discussion?