It took a hedge fund to highlight tragedy behind apparently dry inflation figures

Retailers have been desperately discounting to tempt shoppers as the pandemic takes the shirts from their backs, writes James Moore

With a policy statement due, the Bank of England will have been closely watching the latest inflation figures (Reuters)

CPI (inflation) data can often appear abstract but this data reveals the very real, and in many cases tragic, events playing out on the high street.”

We tend to view hedge funds as aloof, callous and disconnected from the rest of a society they look down on from their glittering eyries.

Yet of all the comments I saw opining on the latest inflation data – it showed a sharp fall from 0.7 per cent to 0.3 per cent that rather caught the City on the hop – it was that one from a hedge fund that got to the heart of the matter.