The spiralling cost of living crisis will be worse than expected, and the peak will come later than had been thought - experts have said.
Torsten Bell, chief executive of living standards at think tank the Resolution Foundation, said the peak of inflation will now be both higher and later than previously expected, adding that policy makers need to be prepared.
Speaking to BBC Radio 4’s Today programme, he said: “I think we can say with certainty – and there’s obviously a lot of uncertainty around all of this as we’ve experienced over the last year – but what we can say with some certainty is that the peak of inflation will be both higher than we previously expected but also later.
