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Wales Online
Wales Online
National
Neil Shaw

Everything will be £2,553 more expensive this year with half down to war

The war in Ukraine is to fuel spiralling costs for everything UK households buy - including food, fuel and energy.

Inflation - the rate at which everything gets more expensive - is forecast to reach 8.7%, significantly higher the Bank of England's projection of 7.25% in February.

As well as direct price increases in food, oil and gas charges - rocketing because of the conflict - will drive prices up as food transport and production costs escalate, reports The Mirror.

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