Good news! The rate by which prices are rising is increasing but by less than in previous months. Yes, that still takes inflation (9.1 per cent) to a 40-year high and sure, the Bank of England is forecasting 11 per cent by the autumn. But you take your wins where you can get them in 2022.
Not least because energy market analyst Cornwall Insight now projects that the price cap – which alongside food and fuel is the main driver of inflation – is set to rise by roughly 50 per cent in October, taking the average household bill to £3,000 a year.
