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The Independent UK
The Independent UK
Business
Ella Walker

Why are energy, petrol and mortgage prices so high right now?

Steps you can take to weather the latest financial storm (Alamy/PA) -

If you aren’t screeching, ‘HOW MUCH?’ every time you pass by a petrol station at the moment, we’d be surprised. Fuel prices are skyrocketing, but so are energy bills and even mortgage rates. It can be difficult to keep on top of what’s going on and why, especially when the world feels like it’s at war and your financial health is struggling on top.

So we asked Dr. Danilo Spinola, a senior lecturer in economics at Birmingham City University, to explain what’s happening and how long we can expect it to last…

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