The impact of high energy prices on daily life and the economy: a closer look at inflation, central bank policy and its effect on consumers and businesses.

If everyone's so worried about inflation, why do central banks favour it over deflation?

The Fed's preferred measure of inflation, Personal Consumption Expenditures, has been running at an annual rate of 5.5%, which is well above the target

Bank of England's chief economist Huw Pill outlined his concerns about the UK's persistent inflationary pressures

ank of England policymaker Catherine Mann recently stated that by capping energy prices, consumers can redirect their spending towards other products, potentially leading to higher inflation in these areas

Inflation in the Eurozone fell to 9.2% in December, according to the flash index of consumer prices among the 20 European member countries

According to the Bank of England's monthly survey of corporate decision-makers, business leaders in the UK expect to see an acceleration in inflation and wage growth in the coming years

The UK government has announced five key promises to build a better future for the country and its citizens