said this was a sign that “the plan is working and that the difficult decisions we have taken are paying off”.Interest rates decide the cost of borrowing – and so until that falls, anyone with credit or a mortgage, will continue to face the squeeze.
The consumer price index has also risen at a shocking rate over the last few years because of the long, stubborn period of inflation.A fall in inflation does not mean a decline in prices, but means the rate at which prices rise has slowed. think tank, found just 9% of Brits think the squeeze on household budgets is over – and 86% think it’s ongoing.
📉Lower inflation doesn’t mean the cost of living crisis is over, in fact for many families things are going to get worse rather than better.He said: “I think it’s shameful that there are still millions of people are living in poverty.
He said: “There are lots of ways that if politicians wanted to, they could address the cost of living crisis.”'You Didn't Do It!' Minister Slapped Down By Major Economist After Taking Credit For Inflation DropSign up and we will email you daily with the best of our political and news coverage while also giving you a taste of our most-popular lifestyle, opinion and personal blogs.