[The Bank of England has raised
interest rates for the second time in
three months in a bid to cool soaring prices.
The increase to 0.5% from 0.25% comes as
households face soaring energy bills
and rising costs to the weekly shop.
Prices are currently climbing at the fastest
rate in 30 years, and there are fears
that the pace will accelerate.]
https://www.bbc.co.uk/news/business-60197463
We have 7% Inflation at this time.