The cost-of-living conundrum
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Why falling inflation isn’t ending the crisis.
By Tom Clark
Last week, we learned that inflation had been safely steered back to 2%, precisely in line with the Bank of England target. Everything, then, is back under control. We can safely draw a line under the ‘cost-of-living crisis’. Right? Sadly, nothing could be further from the truth.
What matters for securing the absolute basics in life – food, shelter, heat and so on – is not a general price level (which is also affected by the prices o...
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