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.