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Why things cost more
Inflation means your money buys less than it used to. The US central bank is raising rates to try and slow down price increases. While this story is about the US, global energy prices and supply chains mean inflation here in the UK is also a big concern, affecting your weekly shop and fuel costs.
Stories that explain this
US central bank expected to raise interest rates by a quarter on WednesdayRelated explainers
Global economy feels the pinch Your loan payments go up Stronger dollar, weaker pound UK interest rates might follow What about non-prescription costs? Why alcohol costs more Will all vapes cost more? What are borrowing costs?The full catalogue
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