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Hello and welcome to Coffee House Shots,

a spectator's daily politics podcast.

I'm Katie Pauls, I'm joined by Kate Andrews and James Versailles.

There's more news on the economy today,

but once again it is bad news.

Prices are contained to rise at the fastest rate for 40 years,

with food costs, particularly red cereal and meat climbing.

Kate, can you talk us through the latest inflation figures?

Yep, so inflation on the year has gone up to 9.1% in May from 9% in April.

Optimists will say, well, look, maybe this is good news because the rate at which inflation

is increasing is slowing down quite dramatically.

I suspect that this is more like the eye of the storm because we know that come the autumn

when off-gem increases the energy price cap once again that prices are going to skyrocket.

So I don't think we're anywhere near the inflation peak yet.

Well, I find interesting though, I mean, we've been spending a lot of time on this podcast as well,

pointing the finger blame at the Bank of England for not seeing inflation coming and for not

doing enough to curb it, and I think that's all quite right.

But today I've been more focused on government policy response because it's also in the

last 24 hours that you've had the announcement that the triple lock for state pensions

...