Rocketing rates of inflation, rising energy bills, higher train fares and the National Insurance hike will combine to send living costs spiralling in 2022.
There are a number of factors behind what has been termed the 'cost of living crisis', which will place extra financial pressure on people across the UK this year.
Inflation rose to 5.4% in December 2021 - its highest rate since the early 90s. Prices, especially for raw materials, have increased as covid-19 hit global supply chains with a combination of pent-up demand and delays to shipping, while factories across the world face lockdowns and worker absences.
