slot casino-What is the UK inflation rate and why is the cost of living rising?

Man checking out goods in a supermarketImage source, Getty Images

Prices are rising faster than they have done for 40 years.

The Bank of England says the recent increases in energy bills, which are set to be three times more than they were a year ago, will drive inflation - the rate at which prices rise - even higher, to 13%.

The increase in the cost of living is putting a squeeze on people's finances, as wages fail to keep up.

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