Naomi Mellor News Today : Breaking News, Live Updates & Top Stories | Vimarsana

more than 7% in april, the highest rate for more than 30 years. however the governor, andrew bailey, has told the bbc, that workers shouldn t ask for higher pay rises, in order to help bring inflation under control. he s been speaking to our economics editor faisal islam. prices rising everywhere in our bills for food, in the price of used cars and, of course, so much of it brought in on record shipments of tankers full of imported natural gas, piped straight into our bills. today, the bank of england forecast that, within weeks, the rate of inflation will hit 7.25% before falling, driven by those energy price hikes. that s well above the bank of england s target, the highest level in a generation. so today, the bank again raised interest rates to 0.5% to try to temper the rise in inflation. it s the second in what will be a series of rate rises this year, though rates remain low by pre financial crisis standards. those rate rises are having a real impact, for example, on naomi mello

Bbc news channelAndrew baileyFaisal islamPay risesBank of englandNatural gasInterest ratesEnergy price hikes7 250 5Rate risesCrisis standardsNaomi mellor