Show Hide Inflation is when prices rise. If inflation is 10%, then a £50 pair of shoes will cost £55 in a year's time and £60.50 a year after that. Stride said: “Inflation is expected to fall over the coming year, but I recognise families are feeling a squeeze now. Adam Corlett, senior economic analyst at the Resolution Foundation, said: “As we approach the end of the year, rising inflation will deepen the current squeeze on pay. Working people need a pay rise.

Source: The Guardian December 12, 2017 10:09 UTC