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Manchester Evening News
Manchester Evening News
National
Elizabeth Munbodh & Levi Winchester & Damon Wilkinson

What 9 per cent inflation means for you as rate hits 40-year high in biggest squeeze on cost of living for decades

With inflation set to hit a new 40-year high of 9 per cent, the cost-of-living crisis is tightening its grip on households across Greater Manchester. Amid soaring energy and food prices, families are struggling to make ends meet with many relying on food banks to get by.

The latest inflation figures come a fortnight after the Bank of England raised interest rates to a 13-year high of 1% and warned the country could be heading for a recession. Fuel prices are also at record highs, and the cost of your supermarket shop has soared in recent months.

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