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Inflation is coming – here s how to fight back and protect your money Economists are forecasting inflation to reach 5pc in 2022 Energy costs were the biggest contributor to rising prices We are about to enter a period of higher inflation as pent-up demand is unleashed after 15 months of restrictions, economists have warned. What has been obvious on investment trading screens since the start of the year, as commodity prices rose and bond prices fell, will soon start to affect consumers when they go to the shops, pay their energy bills and plan their retirement, experts fear. Inflation figures released this week showed the annual rate of price increases more than doubled between March and April as the Consumer Price Index rose from 0.7pc to 1.5pc. A jump in energy costs was the main contributor thanks to a rise in the price of oil.

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