Two in three people believe the rate of inflation will rise further.
Few workers will ask for higher pay to combat meeting the costs of rising inflation.
Almost two third of Britons think the rate of inflation will rise over the next year, according to a Bank of England survey.
The study, carried out last month, highlighted that 62% of participants expect a rate rise, marking a 10% increase from figures recorded in November. It also showed that less than 10% of respondents said they would ask for higher wages to meet the cost of rising prices.