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Inflation describes how much prices of goods and services are increasing (if they’re decreasing, this is known as deflation). In the UK the main measure of inflation is the Consumer Prices Index. The Office for National Statistics tracks the cost of living through the prices of items in a hypothetical “basket of goods” that includes everyday products and services. Here you can find all of our latest news, analysis and comment about inflation.
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As inflation falls to 8.7 per cent, we look at whether Rishi Sunak is any closer to delivering on the…
ByRishi Sunak claimed higher pay for public sector workers would lead to prices rising. He’s wrong.
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