Higher energy prices are one of the main reasons for this. Russia’s invasion of Ukraine has led to more increases in the price of gas. Since May, the price of gas has more than doubled. We think those price rises will push inflation even higher over the next few months, to around 13%.

Higher prices for the goods that we buy from abroad have also played a big role.

There is also pressure on prices from developments in the United Kingdom. Businesses are charging more for their products because of the higher costs they face. There are more job vacancies than there are people to fill them, as fewer people are seeking work following the pandemic. That means that employers are having to offer higher wages to attract job applicants. Prices for services have risen markedly. 

The squeeze on households’ incomes...

I’ve been living in Rustbelt towns in West Virginia, Ohio and Indiana for more than two decades. One shocking thing I continue to hear is the belief that something will cause an increase in factory jobs. Whether this fantasy is heard on the national stage or in cities and towns, I remain stunned by the ignorance that otherwise intelligent people have about manufacturing in the United States.

WASHINGTON, Sept 15 (Reuters) - General Motors Co (GM.N)on Wednesday recommended that Chevrolet Bolt electric vehicle owners parking in decks do so on the top floor or on an open level, at least 50 feet away from other vehicles, citing potential fire risks.

The precaution would "reduce potential damage to structures and nearby vehicles in the rare event of a potential fire," a company spokesman said in an email. GM sent a notice to consumers who had asked about parking issues, he added.

GM had previously asked owners to park Bolt vehicles outdoors, away from structures, and to not charge them overnight.

GM also urged owners to not leave Bolt EVs charging unattended, even if using a charging station in a parking deck. Bloomberg News reported the recommendation earlier.

GM in August widened its Bolt recall to more than 140,000 vehicles to replace battery modules, at a cost now estimated at $1.8 billion after reports of 10 fires. The automaker said it would...