The currency remains around 15 per cent lower against the dollar
In November, the Bank of England predicted that inflation would surpass 2.7 per cent by the end of 2017
Input costs rose at the fastest pace since the survey began in 1992 due to sterling’s 12 per cent trade-weighted slump since last June's referendum
Spending power will be reduced as prices begin to rise, experts say
Property prices withstood the political and economic rollercoaster of 2016 better than anyone predicted. But experts warn that could be about to change.
The closures highlight the pressure facing businesses and consumers from rising costs
It's the highest figure since the British Chamber of Commerce began gathering data in 1997
In its trading update Next also indirectly warned on the potential consequences the UK’s vote to leave the EU could have on its profits, citing ‘inflationary pressures’
The Consumer Prices Index rose 1.2 per cent in the year to November, more than the 1.1 per cent analysts had expected and the highest since October 2014
The fall in the pound has started to hit businesses and consumers, the BCC says
What will be the greatest threat to your money next year – job security? Your debts? Guess again
Restaurants rely heavily on foreign food imports, particularly wine, which will cost more as the purchasing power of the pound tumbles
Free trade, immigration, inflation, tax and healthcare. Who – America or Britain – is likely to have it worse financially in the years ahead?
The Bank projects consumer price inflation rising to 2.7 per cent in the final quarter of 2017
Central bank expected to reveal new economic forecasts showing the biggest overshoot of its official 2 per cent inflation target in its modern history
Consumer price inflation will shoot up to 4 per cent in the second half of 2017 according to the latest forecast from the National Institute of Economic and Social Research (NIESR).