Britain’s cost of living squeeze shows no sign of easingwith new figures showing that prices are still rising faster than wages. The consumer prices index, due on Tuesday, is expected to rise to 2.8% for August, up from 2.6% in July, and close to the four-year high of 2.9% reached in June. Transport costs are likely to be one of the main drivers of higher inflation, as petrol and diesel have become more expensive in recent weeks. “For road users, petrol prices are up after the respite given by lower prices over the summer,” said James Brown of consultancy firm Simon-Kucher. “Driving to work cost 5% more in August and ... (full story)