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Cost of your shopping

Higher inflation means the price of goods and services is generally increasing, so your money doesn't go as far. The story mentions rising crude oil prices, which impacts transport costs for everything from food to clothes, contributing to these higher prices you see in shops.

Stories that explain this

Pound hits highest level since August as traders bet on rate rises

Related explainers

The Bank's balancing act Global oil prices Your mortgage payments Why rates might rise Will my shopping cost less? Will my shopping cost more? Why are my shopping costs rising? Your shopping could cost more

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