Personal inflation calculator: how do UK price rises affect you?
As cost-of-living crisis set to be prolonged, users can see how much their own living costs are rising
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Price rises will remain in double digits into next year, the Bank of England is forecasting, extending the cost-of-living crisis.
Inflation is expected to peak at 11 per cent in October – down from previous forecasts of 13 per cent.
But because of rising energy bills, overall price rises will remain above 10 per cent for the next few months before starting to slow.
It means average household bills will be at least 10 per cent higher than a year ago, way above most workers’ pay rises.
The cost of mortgages, rent, insurance, petrol, food and drink, clothes, eating out, phones and broadband are all rising.
But some items are going up in price by more than others, and because everyone spends different amounts on these things, everyone has their own personal inflation rate.
The Office for National Statistics has created a personal inflation calculator to show users what their own household inflation rate is.
The calculator can estimate how much someone’s monthly spend has increased over the past year, show how this compares with previous years, break down which items are rising the most quickly. The calculator is here:
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments