UK Inflation Slows More Than Expected to 10.1%

The transcript discusses the current state of inflation in the UK, noting that while inflation is below expectations, it remains significantly above the Bank of England's target. The focus is on the impact of food and fuel prices, services inflation, and the potential end of rate hikes. Market reactions and business pricing strategies are also examined, with insights from a senior BOE official and the chief economist. The importance of the inflation attitude survey in decision-making is highlighted.

What does the chief economist of the Bank of England suggest about the relationship between direct and indirect effects of inflation?

What is the significance of the inflation attitude survey for the Bank of England's decision-making?