Welcome to This Is Money podcast sponsored by Charles Stanley Direct.

I'm Georgie Frost and joining me and Simon Lambert today is Angharug-Harrick.

And coming up, how long before inflation gets back to 2%?

And then what?

Could record rainfall send food prices soaring and leave our supermarket shelves empty? Also say new ISO rules have come in, but will your bank let you benefit?

How much does your supermarket charge for a bag and what do they get out of it?

And Woodford is back.

Don't forget you to up to date with all the latest breaking money news, just go to this ismoney.co.com.

Or download the app. With our comprehensive range of investments, trade in shares, funds, investment trusts and

ETFs, there's a range to suit all levels of investor. Choose your own or consider our ready-made

solutions. Charles Stanley Direct. Sign up now. Investment involves risk. But first, the latest

inflation figures came out this week,

showing that CPI is edging closer to the Bank of England's 2% target following another drop

to 3.2% from 3.4%. Compare that to this time last year, where it stood at 10.1%. Now, while the

direction of travel is positive, the speed of late has some concern. So,

how long will it take for inflation to fall to the 2% target? What will happen when we get there?

Simon, Ang, welcome, Ang, to you first. Good news. Why is inflation falling? Yeah, so the headline

rate has gone from 3.4 to 3.2.

And that is, I mean, majorly down to a falling food prices.

So we're in our 12 consecutive month now of the price of food falling.

So that's been a major kind of contributor.

Core inflation, so not food and also not

...