Inflation has increased again and is now at its highest level in 30 years in the UK as the cost of living crisis intensifies.
The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation rose to 6.2% in February, up from 5.5% in January and again reaching the highest level since March 1992, when it stood at 7.1%.
The rise was higher than expected and followed price increases on food, clothing and footwear and a range of products and services.
Energy costs are set to rise in April and due to the war in Ukraine, gas prices are also seeing a rise with the number likely to increase again before the end of the year.
READ MORE: Why is inflation so high in the UK? - What happens when inflation rises
READ MORE: Inflation surges as cost of living crisis escalates - what it means for you
If you’re wondering what this inflation means for you and your household costs, the Office for National Statistics (ONS) offers a calculator on its website that estimates how much you have been affected by the cost of living increasing.
The calculator allows you to identify which items are increasing your cost of living the most and it gives an estimate of how much your monthly spending has risen in the past year as well as compare this to previous years.
To find out more about the calculator, you can visit the ONS website here.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article