Other factors include a shortage of goods and supply issues, as well as the Government’s ending of support for business during the pandemic, such as reduced VAT for the hospitality sector.
What products will get more expensive?
Weekly food shops
Food items will generally be more expensive as issues with supply chains continues to cause product shortages.
The BBC reports that popular brands such as Pringles, Doritos and Hula Hoops rose in price by 7.6 percent in the 12 weeks to the end of October.
Inflation could also force prices to rise in the long term as farmers face higher bills for essential products such as fertiliser and animal feed.