Consumers gear up for more price rises as inflation hits near three-year high

Nearly three out of four UK consumers think prices have risen over the past 12 months and the majority expect a further hit to their finances over the next year, according to new data.
The survey, which was commissioned by GfK and surveyed over 2,000 consumers, found the number that think prices have risen hit 74% in January, up from 52% a year ago. And 74% also expect prices to rise in the coming 12 months, up from 55% in January 2016. More than one in three (34%) expect those price rises to b