Inflation now stands at 11% and we've Jeremy Hunt due to deliver his autumn statement

tomorrow, breaking his bracing for austerity 2.0. But does it need to be this way? I'll

be asking James Meadeway. For the rest of the show, I'm joined by Dahlia Gabriele. How

are you doing Dahlia?

I'm doing good. It feels like we're kind of back to the natural order of things for a

little while with me on this side, but it's good to be here.

I love the natural order of things as a description about me hosting Tisky and you being a co-host.

You were very good as a host, Dahlia. I'm sure our audience will be seeing more of you

in my chair in the near future. Well, I can't call it my chair anymore.

New data released today shows inflation is at the highest level it has been in 41 years.

It now stands at 11.1%. The main driver of that inflation is still increased energy

costs, but many foodstuffs have a rocket in price as well. So we have some of them here.

Milk, 48%. That's how much it has gone up in the last year. Marjorine, 42% more expensive.

Pasta, 34% more expensive. It's the oils and fats, 33% butter, 29%. So lots of completely

essential foodstuffs here. You can't really avoid these. And that means that many people

are going to be feeling the pain in their pockets. Now, this incredibly high level of inflation

is principally caused by a war in Ukraine and other supply chain issues. But Rishisunak

has been clear, to get inflation under control, we will need to make difficult decisions

at home. What's people's number one anxiety at the moment? It's the rising cost of things.

It's inflation. That's what's beating into people's living standards. The chance for

a rightly described it is insidious. It makes people poorer. That's what inflation does.

And it's the enemy that we need to face down. And I want to make sure that we do that.

...