Inflation has risen again. The Consumer Price Index (CPI) was up to 3.3% in November, from 3.2% in October. It is still lower than its recent high of 3.7% in May 2010, but has been 3% or over since February 2010.
The deflation fears of mid-2009 seem a long time ago, don't they.
Inflation at 3.3% is well above the 2% target set by the Government, and Bank of England governor Mervyn King will have to write to Chancellor George Osborne for the tenth month in a row to explain the reasons for this.
He'll no doubt say that food prices rose at record rates from one month to the next. To be fair, there's not much Mr King can do about that.
Meanwhile, we poor public and business people are victims of circumstances caused by others.
It's up to us to strive to do better for ourselves.
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