Cost-of-living crisis may force UK rates rise
More than 10% of items in the average British shopping basket are rising in cost at a double-digit pace.
The prices of petrol, electricity, natural gas, second-hand cars and items for babies are rising most quickly, the Office for National Statistics said this week. This highlights the cost-of-living crisis that may force the Bank of England to raise interest rates again.
Headline inflation hit a three-decade high of 5.4% last month.
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2022-01-23T08:00:00.0000000Z
2022-01-23T08:00:00.0000000Z
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