The Bank of England's monetary policy committee is likely to increase interest rates, according to one expert.
In news which could affect those looking for new mortgage deals, former Conservative chancellor Ken Clarke told BBC Radio 4's Today programme that the Bank would be right to take such action.
"I think they're right to do so precisely because they're worried about what they would describe as the secondary effects, the reaction to this," he remarked.
Rising prices may lead to "pay claims that can't be afforded" because people appear to "getting worse off".
"They'll have to do that and politicians will just have to curse the central bank government for the short term problems that we need to get through," Mr Clarke stated.
However, earlier this month Drew Wotherspoon of mortgage advisory firm John Charcol said that the UK seemed to be heading to a "period of stagnant rates ".
The Bank's future decisions are "difficult to predict", the expert added.
Interest rates to go up, expert predicts
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