The latest inflation figures are expected to near 5%.

Our economics editor Stephanie Flanders talks about what this means for the pound in your pocket. And the Cardiff Business School's Professor Patrick Minford and Sir John Gieve, former deputy governor of the Bank of England discuss whether the Bank of England right to ignore it's own target for 22 months in a row.

Get in touch with Today via email , Twitter or Facebook or text us on 84844.