This episode is sponsored by Canacord Genuity Wealth Management.

Experience Wealth Managers who go above and beyond to guide and support you.

Kandu is more than just an attitude. It's navigating today for a brighter tomorrow.

Visit KanduWealth.com.

Hello and welcome to Coffee House Shots, the spectators' daily politics podcast.

I'm Natasha Faroez and I'm joined by Katie Bawles and Kate Andrews.

The inflation figures this morning showed no sign of change despite some analysts predicting it might drop a bit.

Kate, were you surprised by this? And what would this mean for the Bank of England's next steps?

I suppose it's always a bit shocking to see numbers so bad.

The consensus was that the headline rate of inflation would fall slightly.

I suppose less surprise, although it's still devastated to see that

cornflation was still rising. I didn't see any reason that it wouldn't be

because it excludes food and energy. And I think, well, there's so many takeaways from today.

One is that the collapse in energy prices really was masking all of the other

prices that were happening across the economy and all of those underlying

inflationary pressures that are still very persistent.

So last month we knew the headline rate was going to fall because

that increase in the energy price cap finally came out of the figures on the year.

But the fact that it hasn't budged this month really suggests

that energy was covering up for a lot.

And that rise to cornflation is devastating really because

this suggests that a lot of these price hikes are getting baked in.

...