Inflation is rocketing for several reasons including a supply side crisis and rising fuel costs. The situation in the UK is even worse as we have a weak currency. Most commodities are traded in $s. As the £ has fallen 14% against the $ and is anticipated to fall further costs will continue to go up.
Its a tricky situation to get out of. As we import more than we export the £ in our pocket will continue to be devalued and costs will continue to rise.