What is the UK inflation rate and why is the cost of living rising?

Rising food cost and grocery prices surging costs of supermarket groceries as an inflation financial crisis concept coming out of a paper bag shaped hit by a a finance graph arrow with 3D render elements.

The rate at which prices are rising has unexpectedly gone up, after falling for three months in a row.

Shortages of salad and other vegetables helped push food prices to a 45-year high.

To help slow prices, the Bank of England has put up interest rates 11 times in a row, to 4.25%,

What does inflation mean?

Inflation is the increase in the price of something over time.

If a bottle of milk costs £1 but £1.05 a year later, then annual milk inflation is 5%