According to predictions made by investment bank Citi, escalating energy costs could raise UK inflation to 18% in 2013.
The Bank of England’s aim for inflation, the rate at which prices grow, is 2%, and it is now at 10.1%.
It happens before Friday’s announcement of the maximum amount suppliers can charge beginning in October.
Without any assistance from the government, Citi predicted that the price cap might reach £3,717 in October, £4,567 in January, and $5,816 in April.
The price cap is the most energy suppliers may charge customers in Wales, Scotland, and England per unit.
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