Sunak’s inflation win: not all that it seems?

The headline figure may be tamed, but there's still the problem of a stagnant economy

Rishi Sunak
Sunak has met the first of his five priorities
(Image credit: Shutterstock)

When Rishi Sunak announced in January that he wanted to see inflation – then running at an average quarterly rate of 10.7% – "halve" by the end of the year, plenty of people "were inclined to smirk", said Simon English in the Evening Standard

Given that the main drivers of inflation lay in global factors beyond his control, the pledge seemed like a hostage to fortune. Well, fair play to the PM, a man "who seems not overly blessed with good luck", for pulling it off. 

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