The rate of consumer price increases has eased from 3.2 per cent in March to 2.3 per cent in April.The problem is that prices are still rising in pubs, restaurants and hotels, which is driving up so-called services inflation by 5.9 per cent.Energy firm to offer bill discounts and free boiler service under loyalty scheme
Labour’s argument is that inflation falling just means price increases have slowed, which is why people are feeling no better off. In positive news for the PM, the Resolution Foundation said this month that real wages, which factor in inflation, had grown at a healthy rate of two per cent in the 12 months to March 2024, the fastest since September 2021.
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