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      • Unfortunately not. Prices are still rising quite sharply compared to a year ago, just at a slower rate than they have been. Prices are still likely to keep going up over the next few months, but not at the rate that has caused such a shock to households and businesses across the country over the past year.
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  2. 5 days ago · Documents to download. High cost of living: Impact on households (658 KB , PDF) The cost of living increased sharply in the UK during 2021 and 2022. The annual rate of inflation peaked at 11.1% in October 2022, a 41-year high, before subsequently easing. In May 2024, inflation fell to 2.0% (the Bank of England’s target) for the first time ...

  3. Feb 14, 2024 · The cost of living has risen in the UK and across the world since 2022. Food and energy prices rose markedly, particularly gas prices, partly in response to the conflict in Ukraine. Global...

  4. Nov 15, 2023 · Inflation is falling - so prices are still going up, just not as quickly. According to the Office for National Statistics, UK inflation was 4.6% in the year to October, which is much lower...

  5. May 18, 2022 · In the UK, prices have gone up 9% over the past year, the largest increase since 1982. Here's what the data can tell us about why it's so high and whether it'll continue to rise.

  6. Nov 15, 2023 · 1. Inflation is falling - so prices are still going up, just not as quickly. According to the Office for National Statistics, UK inflation was 4.6% in the year to October, which is much lower...

  7. Jul 11, 2024 · Over the three-year period between May 2021 and May 2024, UK consumer prices increased by 20.8% in total. Why did inflation rise so much? The increase in inflation seen in 2021 and 2022 was mainly due to international factors.

  8. Oct 16, 2024 · The rate of inflation is the change in prices for goods and services over time. Measures of inflation and prices include consumer price inflation, producer price inflation and the House Price...

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