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Inflation
Βι¶ΉΤΌΕΔ Consumer Affairs Correspondent Colletta Smith has all you need to know about inflation and why prices are rising so fast.
Soaring living costs are eating into household budgets, with prices rising faster than wages. Inflation - a measure of those price rises - is still continuing to rise at its fastest rate in 40 years. The Bank of England says inflation could peak at more than 13% this year.
So what exactly is inflation? And why is the price of petrol, food and other living costs going up?
Βι¶ΉΤΌΕΔ Consumer Affairs Correspondent Colletta Smith has the answers to 5 key questions.
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