What high inflation means in the UK

Inflation in the UK is at its highest rate for 30 years, having risen to 5.4% in the 12 months to December.

The jump in the cost of living is being driven largely by rising fuel and energy costs.

Right now, prices are rising so quickly that the money people earn does not go as far, putting ​further pressure on households

The BBC's consumer affairs correspondent, Colletta Smith, breaks it down.