Inflation

ITV News Joel Hills explains if rising inflation is due to the way it's calculated or a resurgence in prices, as it has reached its highest level since March.

The inflation level swung back above the Bank of England’s 2% target, largely because of household energy bills being pushed up as the price cap rose.

Inflation was higher than expected for the month and the Budget means there's more to come, as ITV News Economic Editor Joel Hills writes.