Who are Labour kidding? What’s the real rate of inflation?

The government today announced that inflation has risen to 4.4% from 3.8% in June, with the main contributing factors being:

Food – Whether you’re buying meat, vegetables, cereals or a simple loaf of bread, food is becoming more and more expensive.

Transport – Fuel prices have risen and this has not only had an affect on car drivers but most other forms of transport including air travel. They are predicted to go even higher.

Household bills – Gas and electricity bills are rising and there’s no sign of them stopping.

What’s more worrying is that these are the official figures and there are rumblings that the real figure is closer to 10%, and it is likely that interest rates will rise as a result making those on variable rate mortgages even worse off.

We’d like your view

Do you think inflation is running at 5% or closer to 10%?

How’s the increasing cost of living affecting you and your family?