Transport costs drive rising inflation as petrol and diesel prices increase but wages fail to sustain apaceBritain’s cost of living squeeze shows no sign of easingwith new figures showing that prices are still rising faster than wages.
Inflation is when prices rise. Deflation is the opposite - price decreases over time - but inflation is far more common. Related: To understand the UK's low-pay crisis, impress Carney needs to get out more | Phillip Inman Continue reading...
Source: theguardian.com