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With rates hitting 5%. here's why. prices in the uk are still rising much too fast, with inflation at 10.1% in the year to march. that's a bit less than the 10.4% recorded in in february, but was still much higher than expected. economists were predicting inflation would fall into single figures. one of the biggest factors — the soaring cost of food and drink. it's up over 19% in the past year. it's the fastest rise in 45 years — according to the uk's office for national statistics. the uk's finance minister, chancellor of the exchequer, jeremy hunt, still believes the rate of inflation ca...

Figure that we heard about this morning, inflation, the average rise in the cost of notjust food, but goods and services as a whole. we found out that in march it was at 10.1%, so that means on average, if you bought a whole range of items a year ago, they would cost you £100, now they would cost you £110. food has gone up even more sharply, 19.2% is the average rate of food inflation. let speak to one of the wholesalers here. joe, what are you noticing in terms of any easing up in the rate of inflation, the cost pressures of the business? the. in the rate of inflation, the cost pressures of...

5 live, bbc sounds, watch us on bbc two, the news channel and the iplayer as well. that is coming up. and here's the news from bethan holmes. high food costs are being blamed for inflation in double figures. food prices are up more than 19%, the biggest increase in 45 years. overall — uk inflation rose by 10.1% in the year to march — a drop from 10.4% in february. the former cbi boss says his "reputation has been totally destroyed" after being sacked over complaints

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Average it means wages are not keeping up with prices of that that is why people feel the cost of living squeeze and feeling their money is not going as far. inflation is 10.1%. the target by the bank of england is 2%. we are still way above that that that tends to mean the bank of england is more inclined to put up interest rates to try to slow down the price rises and relieve pressure on households. a lot of that will be factored into their next decision when the bank of england committee meets to decide what to do on interest rates. interest rates currently 4.25%. the big question, where th...