Some people are more affected by inflation than others. For example, someone who has paid off their home loan won’t be affected by increases in mortgage rates. Similarly, if the price of food increases, it will affect families to a greater extent than adults who live alone.
While calculating your personal inflation rate from scratch would be complex, the ONS provides an inflation calculator that shows how cost-of-living increases have affected you in the last year. You simply need to answer a number of questions to find out how your monthly spend has increased and discover which price increases are making the biggest impact on your finances. You can access the inflation calculator here.