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Cooling inflation boosts UK stocks plus US banks enjoy a rate hike bonanza

AJ Bell Money & Markets

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The Good News in the Cost of Living Crisis

Housing has been a huge issue in all of this, with people really concerned that this is going to be sort of the next thing in the cost of living crisis. Food inflation isn't coming down, but it is easing off from 18.3%. Sainsbury's rate of sales growth actually overtook Tesco in the last four weeks according to Cantar World Panel. But there is concern now about food prices once again, because Russia withdrew from a UN grain deal and also bombed ports in Ukraine.

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