prices are rising faster than they have done for a0 years in the uk. the bank of england says the recent increases in energy hills, which are set to be three times more than they were a year ago, will drive inflation the rate at which prices rise even higher, to 13%. uk inflation hit that a0 year high injune, reaching 9.a%. july s figures are released in a few hours and there is a real chance that headline uk inflation could hit double figures. joining me now is liz martins, uk economist, hsbc welcome and it is good to have you on the programme. what do you on the programme. what do you think? do you think we will hit double digits today and if so how significant is that? that is our forecast that we get to exactly 10% year on year injuly and some of our fellow economists don t think it is quite that bad they say nine point 8% perhaps but 9.8, ten, these are incredible figures that even a few months ago we would have found hard to believe. yesterday we had the labour mark
the bbc has spoken to people all over the world about how rapidly rising cost of living has hit them and found many doing their best to tackle rising prices. we feed a200 kids. here, in rural georgia, all the children donner is responsible for feeding are on free school meals. that it has been a struggle with spiralling invalidation. i struggle with spiralling invalidation. struggle with spiralling invalidation. , ., . invalidation. i used to have two vendors invalidation. i used to have two vendors and invalidation. i used to have two vendors and though i l invalidation. i used to have - two vendors and though i have one vendor. he can charge me anything that he wants. i one vendor. he can charge me anything that he wants.- one vendor. he can charge me anything that he wants. i am at his mercy- anything that he wants. i am at his mercy. when anything that he wants. i am at his mercy. when supplies - anything that he wants. i am at his mercy. when supplies do i anything that h