BBCNEWS Breakfast June 4, 2024 06:03:00
Years. the fuel and food bills. eating into pay. we learned yesterday we are 2.7% worse off because prices are rising and wages not keeping up. when you look at the graph of inflation, it was around 2%, the bank of england target, until the pandemic. it dipped because we bought less during lockdown. but it was the invasion in ukraine and pressure on food resources that saw it really increase. there is a hope that as oil and gas prices stabilise inflation will have piqued. if it has peaked and drops to say 10.8% this morning, it does not mean prices are coming down, it means prices are coming d...