which means we ve got to sell somewhere between 150,000, £200,000 worth more beerjust to cover the additional wages costs. but some global inflationary pressures have recently been easing. shipping goods like beer across the world now costs less than a third of what it did in 2021. that s one reason why the bank of england expects double digit inflation to drop back to single digits in the spring. for now, though, it s all about those price shocks. milk, butter, dairy foods, bread. last year, filling up the car. strangely, fruit teas, they seem to have gone from £1 to £2.25. and you think, how can that be? to stop inflation bedding down in the domestic economy, interest rates were expected after the mini budget to have to rise to 6%. now they re expected to peak in the spring at 4.5%.
that is what is eating into people s living standards. the chancellor rightly described it as insidious. it makes people poorer, that is what inflation does and it is the enemy we need to face down. we know that the tories have crashed the economy, and to make matters worse, families will be incredibly worried about rising inflation that we have seen announced today. it is already a really worrying time. labour s plan will be to get the economy growing and we will be making different choices in the statement coming up in parliament. to stop inflation bedding down in the domestic economy, interest rates were expected after the mini budget to have to rise to 6%. now they are expected to peak in the spring at 4.5%, much higher than a year ago, but lower than many economists feared. andy verity, bbc news, stroud. so how are households coping with the spiralling cost of living? 0ur consumer affairs correspondent colletta smith has spent the morning in gloucester talking to people there abou