UK households face battle to regain former living standards even if inflation eases

UK households face battle to regain former living standards even if inflation eases
By: The Guardian Posted On: February 14, 2024 View: 5

Workers on average incomes are missing out on wage rises as energy bills increaseUK inflation remains unchanged at 4% as food prices fallWhich goods and services have changed most in price?Inflation remains a problem for every household, despite recent falls that have more than halved the consumer prices index since a peak in 2022.The latest figures for January show gas and electricity bills were pushed higher by Great Britain’s regulator, Ofgem, lifting the prices cap by 5%, while restaurants and hotel charges jumped 7% year on year. Continue reading...

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