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UK Inflation Dips but Soaring Prices Keep Pressure on Households

Started by Epoch-Times-Bot, Dec 14, 2022, 09:30 AM

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Epoch-Times-Bot

Dec 14, 2022, 09:30 AM
UK Inflation Dips but Soaring Prices Keep Pressure on Households

The UK's inflation rate dropped in November but British households remain under pressure from soaring prices, the latest official data show.
According to data from the Office for National Statistics (ONS), the Consumer Prices Index (CPI) inflation fell to 10.7 percent in November.
It marks a welcome drop from the eye-watering 11.1 percent seen in October, when soaring energy bills sent inflation to its highest level since October 1981, but the figure remains high by recent standards.
Food inflation was still surging last month, hitting a 45-year high of 16.4 percent, while power costs remain high despite government support limiting the annual average bill to around £2,500 ($3,100) since October....

Source: UK Inflation Dips but Soaring Prices Keep Pressure on Households

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