Economics

Inflation Storm to Cost Average UK Household £2,400 This Year

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By Andrew Atkinson

May 16, 2022 at 4:34 AM UTC

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Surging inflation will pile £2,370 ($2,900) on to the bills of the average UK household this year, according to a new study, raising fresh pressure on the Bank of England and government to step up their response to the cost of living crunch.