When you think of inflation as cumulative, these kinds of statements lose their power. 

Who cares if the rate drops back down? Everyone still lost that 3.5% from their purchasing power and they won’t get it back. 

Undisciplined

econ

**Key Points**
* *The UK inflation rate jumped to 3.5% in the year to April, its highest level since February last year, the Office for National Statistics says*

* *The increase is driven by sharp rises in household bills, and higher food, vehicle duty and airfare costs* 

* *The Bank of England has previously said it expects inflation to peak at 3.7% between July and September 2025 before dropping back to its 2% target*

The BoE expects the inflation to drop to target level only after it has peaked. They mean there's no need to make any efforts to control as of now as it hasn't peaked yet. 