Rise in inflation and the squeeze on local businesses
The rate of Consumer Prices Index (CPI) inflation in the UK matched its record high in September, rising to 5.2% from 4.5% the month before.
The latest figures are crucial for millions of people, as they will decide the increase in both the state pension and benefits like jobseekers allowance and income support in April.
A butcher in Wakefield, West Yorkshire, tells the BBC that although he is still getting many customers, they are spending far less and going for value over quality.
He said that he is reluctant to raise prices, but rising costs of heating and petrol are leaving him with no choice.
18 Oct 2011
- From the section Business