10-year-highest inflation coupled with Omicron mounts citizen woes

The Consumer Prices Index rose from 4.2% in October to 5.1% in November, which coupled with the rise of the Omicron corona virus variant.
One financial analyst declared “Welcome to the winter of discontent" as inflation leaping to a 10-year high due to supply chain issues and soaring fuel prices sending the cost of living soaring in recent months.
It is the first time CPI has broken the 5% barrier since 2011, and is two and half times the Bank’s target of 2%. The increase surpassed predictions inflation would rise to 4.8%.
 Analysts are warning that increasing the base rate may also dampen growth just at the point the economy faces a fresh battering if the surge of Omicron causes activity to reduce.