The UK rate of inflation remained high at 9.9 per cent for the 12 months to August, keeping it at its highest level for 40 years as the cost of living crisis continues to bite.
Despite a slight fall from July’s 10.1 per cent in response to volatile fuel prices, the situation will likely get worse before it improves, with the Bank of England (BoE) forecasting inflation to pass 13 per cent in the final quarter of this year.
