19 Jan 2022

Cost of living: Prices soaring at fastest rate for 30 years

Economics Correspondent

There are more political headaches for the government.

Prices have soared by their fastest rate for 30 years as inflation hit 5.4%, its highest since 1992.

It’s been fuelled by rising food prices along with soaring energy bills, and that, say experts, is only likely to get worse.

It’s not just families left struggling to get by, as rising costs are yet another challenge for businesses already hard hit by the pandemic.