a month ago we learned it had fallen to 8.7%, but food price inflation was over twice that, hurting many consumers even harder. one pizzeria owner, sergio from brighton, has been telling the bbc how inflation has been affecting his business costs that he has to pass onto consumers. we noticed that, after the first lockdown, let s say the tomato went from £20 per case to 25, and today reached £39 per case. bags of flour from £20, £21 per bag now we paid £32 per bag. another thing that is affecting is the salaries, as well the wages went up. the minimum wage is growing year by year. and this year, i think was 9% more for the minimum. so everything is affecting the price of our pizza. that is a business meant sharing impact on him. now, another area where many british households are facing the pinch is in housing costs. one mp is warning a mortgage time bomb is about to explode with mortgage rates rising. for those who are renting, many pay more still with the ave
and this year, i think was 9% more for the minimum. so everything is affecting the price of our pizza. that is a business meant sharing impact on him. now, another area where many british households are facing the pinch is in housing costs. one mp is warning a mortgage time bomb is about to explode with mortgage rates rising. for those who are renting, many pay more still with the average uk tenant now spending more than 28% of their income before tax on rent. it means people are spending more of their wages on rent than at any time in the last ten years, according to property portal zoopla. let s hear now from tom stevenson investment director at fidelity. good morning. good morning. first of all, most economists i believe are predicting