Inflation cools but families still hit as food prices rise and mortgage rates fall

Inflation cools but families still hit as food prices rise and mortgage rates fall

UK inflation eased to 3

Inflation slows to 3.6%, but food costs shoot upwards

The rate of inflation has eased to 3.6%, according to official figures that make for better reading for the economy and chancellor ahead of the budget. The Office for National Statistics (ONS) said the slowdown in the consumer prices index (CPI) measure, from the annual 3.8% rate recorded the previous month, was largely down to weaker housing effects, especially from energy bills. ONS chief economist Grant Fitzner said: “Inflation eased in Octob…

Shopper Squeeze: Food Prices Rise Again Despite Inflation Cooling

Shoppers in the UK are still paying more for their weekly shop as food prices continue to increase for many staple grocery basket items, including vegetables, according to the latest ONS figures.While the rate of inflation in the UK fell to 3.6% in the 12 months to October – its lowest level since March, the Office for National Statistics (ONS) said food and non-alcoholic drink inflation jumped to 4.9% during the same period, following the dip s…