Hammered at the tills, from dawn to dusk

Having lately moved my fiction into the realm of the supernatural I suppose I ought to be more comfortable abiding in a place of darkness and desolation... And yet a shadow looms that I fear may engulf me - good God, all of us! And that is the rise in the general level of prices of goods and services, and the consequent erosion in the purchasing power of our money. Yes, inflation.
FT Alphaville brought me the grim, grim news today:
According to the Office for National Statistics, air transport, rising petrol, diesel, gas and food prices were the most significant drivers to the increase in annual inflation between November and December.
Transport: prices, overall, rose by 3.6 per cent, the largest ever monthly increase on record... fuels and lubricants where prices rose by 2.8 per cent, the largest increase for a November to December period since 1996...
Housing and household services: prices, overall, rose by 1.4 per cent, the largest ever increase for a November to December period. The largest upward effect came from gas where average bills rose due to some of the major energy suppliers increasing their tariffs in December 2010...
Food and non-alcoholic beverages: prices, overall, rose by 1.6 per cent, the largest rise for a November to December period on record. The upward effects within this category were widespread with the most significant coming from fruit and vegetables...
Obviously the trick is not to panic - stay under your own roof (if said roof you can afford), eat less healthy stuff and try to cook it with a naked flame, while drinking strong lager, which remains reassuringly inexpensive. Sleep with the candle lit, and maybe that will keep the wolf from the door...
Iain Martin of the WSJ, as often, frames it well: "The politics of this are thus highly dangerous for ministers. They are trapped, between an independent central bank that focused too much on narrow inflation targeting in the boom years and now says it doesn’t matter because higher inflation is just a blip, overextended debt-laden consumers who want interest rates low to keep their show on the road, and hard-pressed savers (many of them older, and likely to vote) who are being fleeced..."