Why is Britain getting inflation so wrong?

Despite the Prime Minister's pledge to halve inflation by the end of the year it's the Bank of England's job to deliver on that. Why is it struggling and what happens if it fails?Britain's facing an inflation crisis. Core inflation - which measures underlying inflation and disregards food and energy costs - is at its highest since 1992. Earlier this year most economists thought this situation could be avoided - so what's gone wrong? David Aaronovitch and guests discuss what the rest of the world is doing about inflation and why Britain seems to be coming off worse.Guests:Duncan Weldon, economist and author of "Two Hundred Years of Muddling Through" Mehreen Khan, economics editor of The Times Merryn Somerset Webb, senior columnist for Bloomberg OpinionProduced by: Kirsteen Knight, Claire Bowes and Ben Carter Edited by: Richard Vadon Sound engineer: James Beard Production co-ordinator: Debbie Richford and Sophie Hill.

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Step inside The Briefing Room for indepth explainers on the biggest news stories. A podcast and radio show hosted by Journalist and Author David Aaronovitch.Listen anytime: www.bbc.co.uk/sounds/brand/b07cblx9. **THE BRIEFING ROOM**Alongside a panel of academics, policy experts and journalists, each week we break down the essentials of the biggest news stories, in the United Kingdom and beyond. From international politics, healthcare, and technology; to the economy, education, and immigration. At the end of 2024 The Briefing Room covered the following topics: - What’s going on in Syria? www.bbc.co.uk/sounds/play/m0025l2l - Will new weight loss drugs bankrupt the NHS? www.bbc.co.uk/sounds/play/m0025vw7 - Is the push for the electric cars in trouble? www.bbc.co.uk/sounds/play/m002693mOur promise to you each week: If you step inside The Briefing Room, you'll be fully briefed on the biggest stories in the news.**SPECIAL EPISODES**As well as our weekly episodes, The Briefing Room has also recorded several mini-series that you can listen to anytime:- Global Tensions: https://www.bbc.co.uk/programmes/p0kh4p9s - Health: https://www.bbc.co.uk/programmes/p0kh4nwt**HOW TO LISTEN**New episodes are published every Thursday and are usually around 30 minutes long. Listen anytime here: www.bbc.co.uk/sounds/brand/b07cblx9. Catch us every Thursday and Monday on BBC Radio 4. Have a look at the latest BBC Radio 4 schedule for timings: www.bbc.co.uk/sounds/schedules/bbc_radio_fourfm. Also, you can now listen to us on a smart speaker. Just say, "Ask BBC Sounds to play The Briefing Room" for the latest episode. It works on most smart speakers.**GET IN TOUCH**We'd also love to hear from you. If you have a question or a comment for the team, please email us anytime at briefingroom@bbc.co.uk.