UK Business

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Price inflation is slowing, but here's why it still feels like we're in a cost of living crisis

Written by Özlem Onaran, Professor of Economics, University of Greenwich

The latest UK consumer price index (CPI) data has been hailed as a win for prime minister Rishi Sunak’s aim to half inflation, announced earlier this year. Prices rose by 4.6% in October 2023, bringing the rate of price growth down to its lowest point since an October 2022 peak of 11.1%.

But inflation coming down...

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