NIESR is the UK’s oldest independent research institute, specialising in economic and social analysis.

In this article, NIESR economists discuss stubborn inflation, fuelled by rising food and service costs and a labour shortage exacerbated by high rates of long-term illness. Not forgetting the impact of continuous interest rate hikes, which are now at their highest since 2008. But the economists suggest these rates are likely peaking and inflation should slowly fall.

Are they right to be expressing cautious optimism? What’s your take?