The jump in inflation in October was not a big surprise after the 10% increase in household fuel bills, but the cost-of-living crisis will worsen before it gets better.

Most commenters expect the measures in the October Budget to add to inflation next year, as businesses pass on the costs of the large increases in minimum wages and in employer’s National Insurance.

That is also the view of the Bank of England and of the Office for Budget Responsibility — the Government’s own fiscal…