- The impact of energy bill increases from supplier SSE will be offset by the effect of steeper utility bill rises in November last year
- But with further hikes from other providers coming into force, CPI inflation is predicted to peak at 3.5% by mid-2013
- Resurgent inflation will come as a blow to pensioners and savers, who have seen their income hit hard by rock bottom interest rates
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The NHS has reportedly racked up a deficit of almost £1bn in the first three months of the financial year.
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