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Big Rise In Uk Inflation
\\Big rise in UK inflation - here's what it means for mortgages, prices, fuel and interest rates//
I'm sure Rachel from complaints knows what she is doing.
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No best answer has yet been selected by webbo3. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.I have to say I am absolutely astonished.
Who would have thought inflation would rise. After all, all people have had to deal with is increased charges for water (Average 26%), Gas (12.2%), Electricity (4.6%).
All that employers had to deal with is an increase in the minimum wage (6.7% for adults, 16% for 18-20 year olds). And the small matter of increased Employers' NI Contributions (36.7%, provided they are not given a pay rise). And increased business rates. And increased energy and water bills.
The Core CPI measure (which came in at 3.8%) conveniently does not include food or energy costs. The real rate of inflation for the few people who have to buy food and pay for energy is much higher than that.