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New UK cost of living crisis looms with soaring energy bills forecast to lift inflation
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NEWSDECK ANALYSIS
The UK's inflation rate has been closely watched in recent months, particularly in relation to the cost of living and its impact on households. Energy bills have been a significant contributor to inflation, with global events such as the Iran war affecting energy markets and subsequently driving up prices. The upcoming official figures on inflation are expected to provide a clearer picture of the scale of the challenge facing the new Prime Minister in addressing the cost of living crisis.
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Guardian Business
New UK cost of living crisis looms with soaring energy bills forecast to lift inflation
Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout
British households are facing a renewed cost of living squeeze, with official figures expected to show this week that soaring energy bills drove up inflation in July to close to 3%.
As the Iran war continues to send shock waves through global energy markets, economists predict the surge in …
16 Aug, 05:00
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