Rising inflation and decrease in purchasing power in the UK

With inflation on the rise, prices of everyday items are increasing across the board. Photo: Shutterstock

Inflation is on the rise in the UK, creating a noticeable strain on households across the country.This economic challenge is not just a series of numbers and percentages; it translates directly into higher prices and reduced purchasing power for everyday consumers.As inflation accelerates, it’s crucial to understand the underlying causes and implications for the average...