Future food inflation must be tackled with foresight, not hindsight

As someone who tracks economic data on a daily basis, it is always interesting to follow public reaction to what is happening in the economy. Years, if not decades, can go by with most people paying little attention to the latest releases. Then suddenly, a shift in the data forces an issue not just into the newspaper headlines, but also to the forefront of people's daily lives. This is exactly what has happened with inflation. For much of the 2010s, UK inflation tracked close to the Bank of England's target, keeping the data releases largely buried within the confines of the business pag...