{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/9475d117-fcd4-4915-a6f3-923941e7aa0d/6787e116339cdeb44ce25b68?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Inflation dips to 2.5% amid ‘stagflation’ concerns","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/61ba05fc1a8cbed4343cf0e6/1736958107699-54952356-7cd2-43a1-8cf0-abd45eee4177.jpeg?height=200","description":"<p>The <a href=\"https://www.standard.co.uk/business/inflation-cost-of-living-bank-of-england-interest-rate-cuts-rachel-reeves-budget-b1204876.html\" rel=\"noopener noreferrer\" target=\"_blank\">UK inflation</a> rate unexpectedly fell slightly to 2.5 per cent in December in a surprise boost to embattled Chancellor Rachel Reeves.</p><p>Figures from the Office for National Statistics revealed a slight drop from 2.6 per cent in November and fell below City forecasts.</p><p>It comes amid record government borrowing and falls in the pound over the past week.</p><p>How does this all fit into the wider economic outlook, what might it signal for our shopping baskets - and what about the spectre of ‘stagflation’?</p><p>The Standard podcast is joined by Jo Michell, professor of economics at the University of the West of England in Bristol.</p><p>In part two, influencer Adam McIntyre on concerns about the financial impact of a <a href=\"https://www.standard.co.uk/news/us-politics/tiktok-ban-us-supreme-court-alternative-apps-b1204955.html\" rel=\"noopener noreferrer\" target=\"_blank\">TikTok ban</a> on digital creators and small business ahead of a US supreme court decision on the Chinese ByteDance-owned app’s future in the States mid data security concerns.</p><p><br></p>","author_name":"The Evening Standard"}