Inflation remains elevated, leaving experts wondering when we will see relief

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Inflation remains elevated, leaving experts wondering when we will see relief

Are we stuck with high inflation?

After hitting a 40-year high of 9.1% in June, consumer price increases eased to 8.5% in July and are expected to fall significantly for the rest of the year and beyond.

But that hope was seemingly blunted in an instant on Tuesday when a government report showed that despite another sharp drop in petrol, 12-month consumer price inflation fell slightly less than expected – to 8.3% in August, instead of the projected 8%. And a measure that excludes volatile food and energy products rose twice as much as expected on a monthly basis.

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