The High Price of Inflation: A Recipe for Worry The UK's latest Consumer Prices Index (CPI) has reached 3. 1%, a 0. 5% increase from July, marking the highest inflation rate in months.
This steady climb is eroding the purchasing power of ordinary people. Housing costs are particularly affected, with average monthly private rent increasing by 3. 8% to £1,400.
London rents have soared to £2,332 per month, a stark reminder that the cost of living crisis is not just about prices rising but also about struggling to access affordable housing.