Inflation Eaked News Today

prices are rising faster than they have done for a0 years in the uk. the bank of england says the recent increases in energy hills, 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%. uk inflation hit that a0—year high injune, reaching 9.a%. julys figures are released in a few hours and there is a real chance that headline uk inflation could hit double—figures. joining me now is liz martins,...

Interest rates to try and bring down the rate of inflation but as you do so you slow the economy as well. of course, the bank of england told us a couple of weeks ago they are forecasting a recession to last the best part of two years. you could be careful not to raise rates too much and exacerbate the economic risks in order to bring down inflation. but we do expect a few more rate rises, three more specifically in september, novemberand september, november and december. september, november and...