prices have risen at their fastest rate in almost 30 years. inflation climbed to 5.4% in december. it has been driven up by the soaring cost of food and energy, among other things. the figure is more than double the bank of england s official target for inflation. the last time inflation was higher was in march 1992, when it was 7.1%. and with gas and electricity prices expected to rise sharply in the coming months, experts are warning there is much worse to come. 0ur economics editor faisal islam has more details. up go the prices. this independent food retailer in ashford in kent has to move rapidly to keep up. every week when i get my invoice, i check it against my price list. 0h, need to put that up because, you know, the cost has gone up. and some of them go up in between the catalogue being published every other month to the invoice coming through. as a supplier of locally produced food, but also as a consumer and parent, today s figure reflects the very real experience for the
this independent food retailer in ashford in kent has to move rapidly to keep up. every week when i get my invoice, i check it against my price list. oh, i ll need to put that up because, you know, the cost has gone up. and some of them go up in between the catalogue being published every other month to the invoice coming through. as a supplier of locally produced food, but also as consumers and parents, today s figure reflects the very real experience for the likes of katy. the price of everything s gone up. you have to make decisions as to what luxuries you then want. it s not. you know, we haven t been on holiday, notjust because of a global pandemic, but maybe because we can t afford it either. you know, there s various different reasons why. and i think it s all coming to a head all at once. 40 miles to the north is the isle of grain, where goods, electricity and gas enter the country from around the world and where the uk is importing energy at record high prices. it s been these
this independent food retailer in ashford in kent has to move rapidly to keep up. every week when i get my invoice i check it against my price list. 0h, i ll need to put that up because, you know, the cost has gone up. and some of them go up in between the catalogue being published every other month to the invoice coming through. as a supplier of locally produced food, but also as consumers and parents, today s figure reflects the very real experience for the likes of katy. the price of everything s gone up. you have to make decisions as to what luxuries you then want. it s not, you know, we haven t been on holiday, notjust because of a global pandemic, but maybe because we can t afford it either. you know, there s various different reasons why. and i think it s all coming to a head all at once. 40 miles to the north is the isle of grain, where goods, electricity and gas enter the country from around the world and where the uk is importing energy at record high prices. it s been these