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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 labou ....
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 market numbers and the wages and they were up as well. so 10% inflation and wages at 5% that is a painful situation for uk households. we 5% that is a painful situation for uk households.- 596 that is a painful situation for uk households. we saw the bank of england for uk households. we saw the bank of england predict - for uk households. we saw the bank of england predict this . bank of england predict this and they are trying to increase interest rates to try and stifle the inflation is that what we will see more of you think? more hikes in interest rates from the bank of england? more hikes but we have had quite a few already. the base rate has risen to 1.75% so the b of e is probably ....