Inflation expected to rise further this year

The video discusses the steady rise of inflation, driven mainly by fuel prices, affecting both motorists and haulage companies. It highlights the impact on a confectionery business that imports most of its products from Europe, leading to increased costs and reduced workforce. The video also covers upcoming changes in inflation measurement, which will include housing costs and Council tax, potentially raising the inflation rate to the Bank of England's target. Economists predict further inflation increases as more costs are passed to consumers.

What has been the main driver of inflation according to the text?

How have rising fuel prices affected haulage companies?

What percentage increase in prices has the company importing cakes and confectionery experienced?

What impact does the euro exchange rate have on businesses importing goods from Europe?

What are the two big components of household spending mentioned in the text?