Cost of living crisis far from over unions warn despite inflation drop
THE cost-of-living crisis is far from over, unions warned today after inflation dropped to 4.6 per cent while food prices continued to surge.
Consumer prices index (CPI) inflation was down in October from 6.7 per cent in September, according to data from the Office for National Statistics (ONS).
Prime Minister Rishi Sunak boasted that he had met his target of halving inflation by the end of the year, however inflation remains above the Bank of England’s 2 per cent target, and economists have argued that the lower energy price cap helped drive the sharp drop last month.
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