Official figures are expected to confirm what we all know, or have suspected, from experience in recent weeks – that the cost of living is now rising faster than it has for some time.
The reasons behind those rising prices can be complicated. The BBC has outlined five examples that help to explain why consumers are feeling the pinch.
Read the full article on the BBC website
NAM Implications:
- These specimen increases (Uber, home renovation, savoury snacks, home heating, second-hand cars)
- …attempt to illustrate ‘real’ inflation
- See ‘Pound-in-your-pocket-inflation’ – How consumer perception of spending power affects willingness and ability to spend.
