Inflation is set to soar even higher than the six per cent level predicted by the Bank of England, experts warn Inflation rate is currently 5.1%, but the Bank expects this to peak at 6% in April That would be the highest since 1992 and three times the official 2% target Expert advised households to 'look out for inflation reaching over 6 per cent'
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Inflation is set to soar even higher than the 6 per cent level predicted by the Bank of England, experts warned yesterday.
They advised families to pencil in a larger hit to their budget for shopping, bills and days out.
The inflation rate is currently 5.1 per cent, but the Bank expects this to peak at 6 per cent in April – the highest since 1992.