date:Sep 25, 2023
ight line but it is now down 40% from its peak. The plan is working, he says.
But we need to stick to it: even at 6.7% theres still immense pressure on family budgets. That means no borrowing binge, which would simply keep interest rates higher for longer.
Drop in milk, cheese and egg prices
According to the Office for National Statistics (ONS), the biggest contributors to the yearly CPI inflation rate were food and non-alcoholic beverages, where prices rose by less in August 2023 than a year