British households are being pummelled by the biggest increase in the cost of living in decades as prices continue to soar.
Experts now predict that Consumer Prices Index (CPI) inflation will climb to 9.8%, inflicting further pain on already-stretched families.
The average of analysts’ estimates was calculated by Pantheon Macroeconomics ahead of new figures released at 7am on Wednesday are expected to show inflation soaring, with food and fuel seeing some of the sharpest increases.
