According to the Office for National Statistics (ONS), UK inflation jumped to 9.4% in the 12 months to June from 9.1% in May, hitting a renewed 40-year high and placing further pressure on households.
Cost Of Living Crisis
Food delivery giant Deliveroo has slashed its annual sales outlook after revealing demand for its takeaways has slumped amid the cost of living squeeze.
Henry Adefope, MCSI, outlines investments he believes are well placed to benefit from rising inflation.
The Bank of England has raised interest rates to their highest level in 13 years in an effort to curb inflation. This will have significant consequences for certain borrowers namely those with variable-interest mortgages.