Inflation Drops, But Economic Pressures Persist
Update: 2025-12-17
Description
Inflation drops to 3.2%, raising hopes for interest rate cut; however, the Office for Budget Responsibility predicts inflation will only drop to 2.5% next year, and the Chancellors decision to freeze tax allowances and thresholds for an additional three years could further impact peoples spending power. Despite retailers offering Christmas discounts, food inflation remains at 4.2%, and consumers are feeling less confident about the economy and plan to spend less in the coming months.
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