Inflation figures are set to hit a 14-month high today after June saw a surge in prices at petrol pumps and on supermarket shelves.
Consumer Prices Index (CPI) inflation is expected to rise to around 3% from May's 2.7% level, when rising air fares and more expensive clothing and footwear intensified the squeeze on consumers.
New Bank of England governor Mark Carney will have to write a letter to Chancellor George Osborne explaining why prices are rising so fast if the figure from the Office for National Statistics (ONS) exceeds 3%.
More top news
All cuts have consequences, warns Joel Hills, as he examines which assets may be up for sale if George Osborne decides 'everything must go'.
Tests revealed she was suffering from secretory carcinoma - which affects just "one in a million people" diagnosed with the breast cancer.
Masked machete-wielding raiders stormed into a convenience store and threatened the assistant, before stealing cash, cigarettes and alcohol.