Some 88 per cent of households expect inflation to increase or at least stay level over the next 12 months.
This is the main finding of Legal and General's latest MoneyMood survey and this means people will have to get ready for a hike in the cost of everyday items.
It comes as Bank of England Governor Mervyn King is expected to confirm inflation will rise at higher-then-expected levels over the next few months.
A total of 57 per cent of those questioned also believe inflation will rise higher than any swell in their earnings over the next year.
Mark Gregory, Legal & General Executive Director of Savings, said "Across the UK over 11 million households are likely to find they are struggling to pay the bills as their household finances come under continued pressure during the coming months."
He went on to note the survey shows that 3.3 million Britons have to spend more of their income on paying bills and debts than in previous years.