Rising prices are Britons’ biggest money worry as inflation stays high, survey finds
Rising prices have emerged as the primary financial concern for UK households, according to a recent consumer confidence survey. The Bank of England has warned of significant increases in food and energy prices, contributing to a decline in household savings. As inflation remains high, many Britons anticipate a rise in interest rates, further straining their financial situations.
- ▪The Bank of England predicts food prices will rise by 7% by the end of the year.
- ▪The consumer sentiment index dropped to 42.1 in May, the lowest since July 2023.
- ▪51% of survey respondents expect interest rates to increase, the highest proportion in two and a half years.
Opening excerpt (first ~120 words) tap to expand
The Bank of England has warned that food prices are likely to rise 7% by the end of the year. Photograph: Tolga Akmen/EPAView image in fullscreenThe Bank of England has warned that food prices are likely to rise 7% by the end of the year. Photograph: Tolga Akmen/EPAEconomicsRising prices are Britons’ biggest money worry as inflation stays high, survey findsHouseholds ‘increasingly gloomy’ about finances amid fears of interest rate rises due to higher fuel prices Business live – latest updates Tom KnowlesMon 18 May 2026 08.37 EDTLast modified on Mon 18 May 2026 08.54 EDTSharePrefer the Guardian on GoogleRising prices have become the top financial concern for UK households, according to a monthly consumer confidence survey, before Wednesday’s official figures, which are likely to show…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Guardian — World.
Discussion
0 commentsMore from The Guardian — World
