UK Inflation And How It Compares To The Rest Of The World

16th March 2024

Crumpets or Croissants - what's in your inflation basket?.

The Chancellor, Jeremy Hunt, stated in his recent Budget speech that inflation is expected to fall below the 2% target in just a few months' time, according to figures from the Office for Budget Responsibility (OBR).

Whilst politicians are patting themselves on the back for their perceived part in bringing costs down, I'm sure many people are still well aware we continue to live in a cost of living crisis and while inflation is coming down, this simply means that prices are rising at a slower rate, but they are still rising. The speed at which prices have risen on everyday items is hard to comprehend, but it's not just the UK that is feeling the pain.

But what is really affecting inflation and how is it measured? How does the UK measure up against other economies, how does our basket of goods compare, and most importantly what does this all mean for you and your financial future.

Read the full article HERE