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What high inflation means in the UK – BBC News

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Inflation in the UK is at its highest rate for 30 years, having risen to 5.4% in the 12 months to December.

The jump in the cost of living is being driven largely by rising fuel and energy costs.

Right now, prices are rising so quickly that the money people earn does not go as far, putting ​further pressure on households

The BBC’s consumer affairs correspondent, Colletta Smith, breaks it down.

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33 Comments

33 Comments

  1. @adamchuny2736

    January 6, 2024 at 4:42 pm

    it’s because of brexit u donuts

  2. @JonathanSteadman2003

    January 6, 2024 at 4:42 pm

    I already gave up on life.

  3. @Hercules_the_Great

    January 6, 2024 at 4:42 pm

    And the corporate profits, they feeling the squeeze, or are they making off like bandits?

  4. @peterkirby2771

    January 6, 2024 at 4:42 pm

    Do you think it’s fare that many respectable companies have boycotted Russia to help Ukraine win the war and Rishi Sunaks wife is profiteering 8 million pounds a year from a company operating in Moscow.

  5. @whiskysam2036

    January 6, 2024 at 4:42 pm

    It's all a con from march 2020

  6. @shoaibahmad7133

    January 6, 2024 at 4:42 pm

    Why are the interest rates rising, when the economy has not been growing since 2008 and neither have the wage rate. The inflation rates should be going down, If it were not for the the oil and commodity prices which have gone up substantially due to the imprudence of the Government.

    It is the responsibility of the Government to counter the negative implications of the Ukraine Russian war on the UK economy. Higher interest rates or imposition of new taxes are going to spoil the cost-of-living crisis even more further than correcting it. The tax rates are already stifling the general public when the British boy is talking of imposing more and new taxes on the people. Since the people are suffering and the MPs serving the people are already well off, they should forego taking salaries and benefits from the Government till the situation improves instead of imposing more taxes on the people. The Governor of the Federal Reserve should be fired for not keeping inflation under control which is the sole responsibility of the Federal Reserve Bank

  7. @abhijeetpatil7653

    January 6, 2024 at 4:42 pm

    Have fun world looters

  8. @MMA-gb6to

    January 6, 2024 at 4:42 pm

    doomed

  9. @goddid9189

    January 6, 2024 at 4:42 pm

    I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.

  10. @devinnlimbu7989

    January 6, 2024 at 4:42 pm

    Gud News👍️

  11. @aarondavies8486

    January 6, 2024 at 4:42 pm

    Yet again they don't tell you it's down to government spending nothing to do with consumers or producers all them free jabs you had we are paying for them now

  12. @stephenhoskins1532

    January 6, 2024 at 4:42 pm

    The inflation is caused by an increase in the money supply ie Q.E or money printing which all Western govenments have been doing. The only way to solve it is cut governemt spending and raise interest rates to the level of inflation which will put the econony into recession .The government dont want you to know this and point the finger at anyone but themselves.
    Inflation is the tax payeble on all the money printing that has taken place.

  13. @southlondonlad9144

    January 6, 2024 at 4:42 pm

    The thing is, we're not all in the same boat. Plenty of people are still going out to expensive pubs and restaurants. The people who earn the most money are affected the least here, so we're not exactly all facing the same worries

  14. @walkthroughvg

    January 6, 2024 at 4:42 pm

    the selfishness of westerners is once again creating chaos around the world

  15. @zainabrajpoot2550

    January 6, 2024 at 4:42 pm

    umm , sending weapons to ukraine and that money cant be used in uk ?

  16. @erkyuo22

    January 6, 2024 at 4:42 pm

    U.S English better.

  17. @markdavis4754

    January 6, 2024 at 4:42 pm

    This will be one sure way to push crime up as people have no choice just to have food on the table let alone heating.

  18. @BUBUDOGSHATIN

    January 6, 2024 at 4:42 pm

    That’s the cost of supporting Ukraine. I bet you brits love financing other people killing their neighbours. From hk
    What I see is brits are doing something hurting their ppl and others. Funny and love to see British kids freeeeze and starve
    Keep it up

  19. @lijie2511

    January 6, 2024 at 4:42 pm

    Why the gas/electricity/fuel prices are hiking so much? UK doesn’t get them from Russia but North Sea, should not be impacted like this, higher than Europe and US. It is hard to believe. 😔

  20. @kelseywhite6889

    January 6, 2024 at 4:42 pm

    Sadly this economic crisis means more inflation and more inflation affects the banking system. My condolences to anyone retiring this year..

  21. @epicrising9895

    January 6, 2024 at 4:42 pm

    No. The reason for inflation is that there has been too much fiat currency created. Inflation is always a monetary phenomenon. This video is disinformation

  22. @user-kh4fr4qk1b

    January 6, 2024 at 4:42 pm

    It's all Putin's fault. Biden.

  23. @michaelleak3369

    January 6, 2024 at 4:42 pm

    I'm sick ove having fuck all so I'm gowing to hing my self this life is shit

  24. @miked7666

    January 6, 2024 at 4:42 pm

    This is why they need War

  25. @JakilineTheOhNo

    January 6, 2024 at 4:42 pm

    Bababooey

  26. @3_2_1

    January 6, 2024 at 4:42 pm

    That's the weirdest way of delivering bad news. It's like "You're so ***ked, high five!"

  27. @oddball6992

    January 6, 2024 at 4:42 pm

    The great reset by klaus schwab and his new world order scumbag chums “you will own nothing and be happy”

  28. @yeabutnobut8564

    January 6, 2024 at 4:42 pm

    Thank you democracy. Thank you biden.

  29. @rachelcaruthersonyou

    January 6, 2024 at 4:42 pm

    It's normal under a tory govt.

  30. @dracowolfe305

    January 6, 2024 at 4:42 pm

    Good catch

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