The cost of living crisis continues to bite, with inflation rising again in January and reaching a near 30-year high.
Rising energy prices and fuel costs have been the biggest factors in driving inflation up, though food and drink prices and many everyday essentials have also been on the rise.
According to the Office for National Statistics (ONS), in the 12 months to January 2022 the Consumer Prices Index increased to 5.5%, up from 5.4% in December - more than double the Bank of England’s 2% target.
