Baked beans maker is latest firm to talk of food price rises, as inflationary pressures mountA Bank of England policymaker has warned households to get ready for “significantly earlier” interest rate rises as inflation pressures mount, and Kraft Heinz …
Smaller packs, same price: curse of ‘shrinkflation’ hits shoppers’ baskets
Food suppliers are cutting pack sizes and raising checkout prices in response to rising costsUK faces ‘grim winter’ as cost of living crisis quickens paceRising inflation ‘could trigger global sell-off that would harm UK’Shoppers should watch out for s…
UK faces ‘grim winter’ with households already paying £442 extra in bills
Analysts warn cost of living crisis is gathering pace amid fast rises in petrol, food and energy billsWatch out for hidden ‘shrinkflation’ price hikes, analysts warnRising inflation ‘could trigger global sell-off that would harm UK’Households face a “p…
UK petrol prices are closing in on all-time high, warns RAC
Cost per litre nears the record 142.48 set in April 2012, stoked by global demand outpacing supply rather than UK fuel shortagePetrol prices could reach all-time highs before Christmas, the RAC warned, signalling “misery” for motorists still reeling fr…
Two in three UK firms expect to raise prices in Christmas run-up, poll finds
BCC warning comes as Greggs flags price pressures amid surge in fuel and energy costsNearly two-thirds of UK manufacturers expect to raise their prices in the run-up to Christmas after being hit by mounting cost pressures, a leading employers’ group ha…
Inflation is poised to top 4%: is the Bank of England asleep at the wheel?
Analysis: Threadneedle Street is adopting a wait and see policy and keeping interest rates unchangedHigher energy prices will send the annual inflation rate above 4% by the end of the year and keep it there well into 2022. On the face of things, the Ba…
Britain faces a triple crunch – and the political cost for the Tories could be huge | Larry Elliott
The combined challenges of an economic slowdown, rising energy costs and the transition to net zero loom over this governmentLong before there was talk of an energy crisis, the government had been looking vulnerable. Economic growth is slowing and infl…
The global supply chain crisis could fuel a severe dose of stagflation
Economic observers should heed the warnings now – rising prices and slowing growth are a very real threatHow will the global economy and markets evolve over the next year? There are four scenarios that could follow the “mild stagflation” of the last fe…
Inflation is back, but Sunak is intent on taking money out of pockets
Analysis: Britain faces universal credit cut, public sector pay freeze and national insurance risePrices are climbing in the shops and consumers face an autumn crunch. Official figures show inflation rose at the fastest rate in a decade in August, as t…
People in the UK: are there things that have suddenly become unaffordable for you?
We’re keen to hear how people across the UK experience the impact of rising costsUK inflation has hit the highest figure in nearly a decade, having jumped to 3.2% in August, from 2% in July, the highest rate since March 2012.We’d like to hear how peopl…