![Record pay rises fuel fresh inflation fears Record pay rises fuel fresh inflation fears](https://thesmedaily.uk/wp-content/uploads/2023/07/129387896_supermarketworker_gettyimages-1141999796-768x432.jpg)
[ad_1]
Under the hood of these record figures, there may just be a pathway to calmer inflationary times. Interest rates still seem likely to go up in August, but the new inflation number released next week will determine whether that is a small rise to 5.25%, or another, larger one.
[ad_2]