inflation

Much remains to be seen in terms of what tariffs will be implemented and how these will affect inflation, corporate profits, the labor market and other factors.

In a preliminary decision, Ofwat said it would allow bill rises of 21% above inflation, which the shareholders did not accept.

It also comes at a key time for millions of Americans, as elevated grocery prices and persistent inflation have exacerbated food insecurity across the country.

Burghart raised a laugh on the Tory benches with a jibe about "real economists", as he accused the government of "stoking" inflation.

The Conservatives have accused the government of "stoking inflation", after price rises hit their highest rate for six months.