Can it be more deadly than war? Inflation has hit a new high in Britain. Many are worrying about how they will pay for everyday items.
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Fears as prices rise once again in the UK
Can it be more deadly than war? Inflation has hit a new high in Britain. Many are worrying about how they will pay for everyday items.
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<h2 class=" eplus-wrapper">What's happening?</h2>
The man walks into the supermarket. He picks up his favourite items: a bar of chocolate, a newspaper and a loaf of freshly baked bread. Suddenly, he catches sight of the price tag. He gasps and slowly slides the chocolate bar back onto the shelf.
InflationAn increase in the price of goods in an economy. - the rate at which prices rise - is rising in the UK. Today, it stands at 10.1%, the highest number for 40 years.
This means that an item that cost £100 one year ago would cost £110 today.
Many people are worried that they will not be able to pay their billsA bill shows how much money you owe for something, such as heating or water. . Some people say they will not turn on their heating in the winter to save money.
Can it be more deadly than war?
<h2 class=" eplus-wrapper">Find out more</h2>
Yes! A small amount of inflation is good, say economists, but at 10% many people will not be able to pay for the things they need.
No! Very high levels of inflation will not last forever. And most would agree that a war is a much bigger crisis.
Inflation - An increase in the price of goods in an economy.
Bills - A bill shows how much money you owe for something, such as heating or water.
Fears as prices rise once again in the UK
Cost of existing: Low-fat milk is more than 40% more expensive than at this time last year. Glossary
Inflation - An increase in the price of goods in an economy.
Bills - A bill shows how much money you owe for something, such as heating or water.