Could the inflation spike lead to stagflation - or is it the start of a growth spurt?
Meanwhile, a gloomy report has lead some economists to talk about stagflation once more. What is it, is it a threat and does it matter?
This week, Simon Lambert, Lee Boyce and Georgie Frost discuss the 'flations' and what it could mean for the coming months, and the pandemic recovery.
Alongside this, there are supply chain problems and staff shortages. Can we expect higher prices in shops and is Britain set for a hiring boom?
It's not just shops that are suffering, soaring costs and tradesmen shortages are leaving families doing home improvements themselves - or stuck with half-finished renovations.
And we go inside the pocket sized houses aimed at first time buyers in London. We left the cat at home: there wasn't enough room to swing it…