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Daily Mirror

Business

Levi Winchester

What 9.1% inflation means for your money - and five items rising fastest in price

Inflation Bank of England Office for National Statistics United Kingdom CBI

Inflation has surged to 9.1% as the cost of living continues to rise at its fastest rate in 40 years.

The consumer prices index (CPI) measure of inflation is used to explain how much the prices of everyday essentials have increased.

When inflation rises, it basically means that your money doesn’t go as far as it used to.

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