I thought the "problem" was deflation!

The BBC report but only on the Business Pages that

"The Consumer Prices Index (CPI) climbed to 1.5% in October, up from 1.1% in September.

Meanwhile the Retail Prices Index (RPI) inflation measure, which includes mortgage interest payments and housing costs, rose to -0.8% from -1.4%."

I thought that the agreed Labour/BBC narrative was that deflation was the problem and that only fools (like me) believed rampant inflation was coming soon. The BBC even desperately try to explain the rise in the CPI & RPI by blaming unusual external factors, not something that they ever did back in the early 1990s; but then that was an evil Conservative government not a lovely Labour one.

Massive inflation is on the way. Incidentally I note that the price of gold is now above 1130USD per oz.