UK inflation soared to a 41-year high of 11.1% in the year to October 2022, according to figures from the Office for National Statistics.
The 7th Annual Personal Finance (P-Fin) Index also shows an increase in the number of people struggling with debt, challenged to make ends meet.
Cleveland Federal Reserve President Loretta Mester said U.S. central bank still has more interest rate increases ahead of it.
Economy and small businesses alike continue to take a beating from inflation. But Berkshire Hathaway CEO Warren Buffett says you can protect against.