💨 Abstract

The latest inflation rate remains at 3.8%, lower than expected but still above the 2% target. Chancellor Rachel Reeves expressed dissatisfaction, noting the economy's stagnation. While food and non-alcoholic drink prices fell slightly, housing, household services, and education saw significant increases. The inflation rate is influenced by year-over-year price comparisons, making immediate government impact on inflation challenging.

Courtesy: Craig Munro