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Inflation is expected to remain far above target today as spiralling energy bills continue to squeeze household budgets.
The consumer price index (CPI) rate of inflation is forecast to come in at 5.1% for October, slightly down on the three-year high of 5.2% the previous month. But it is still more than double the Government's 2% goal - and comes on the back of forecasts that unemployment figures also look set to soar further.
The biggest pressure on British households for the month is tipped to once again be rises in gas and electricity bills. Npower and EDF both introduced tariff hikes in October, following previous rises from British Gas, SSE, Scottish Power and E.ON. There is expected to be...Read more here--> Cost Of Living: The Consumer Price Index (CPI) Rate Of Inflation Is Forecast To Come In At 5.1% | Business | Sky News
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