Saturday, March 25, 2023
WRITE & GET PAID
  • Login
  • Register
No Result
View All Result
TOP Rated Tips, News And Articles
NordVPN - Discount
  • World News
  • Entertainment
    • Travel
    • Games
    • Alternative Beliefs
  • Business
    • Employment
  • Health
  • Home & Garden
    • Food
    • Family
    • Education
  • Politics
  • Sports
  • Technology
  • 🔥 Must-Haves 🔥
TOP Rated Tips, News And Articles
WRITE

Inflation drops to 10.1%, but Chancellor warns fight is not over.

February 15
in World
Reading Time: 2 mins read
1 0
A A
Buy author a coffee
0
1
SHARES
5
VIEWS
Share on FacebookShare on Twitter



The UK’s inflation rate has decreased for the third consecutive month to 10.1 percent in January, but the government has cautioned that the battle against inflation is “far from over.” According to the Office for National Statistics (ONS), the Consumer Prices Index (CPI) rose by 10.1 percent in the 12 months leading up to January 2023, down from 10.5 percent in December 2022. On a monthly basis, CPI decreased by 0.6 percent in January 2023, compared with a drop of 0.1 percent in January 2022.

Grant Fitzner, ONS chief economist, stated: “Although still at a high level, inflation eased again in January. This was driven by the price of air and coach travel dropping back after last month’s steep rise. Petrol prices continue to fall and there was a dip in restaurant, cafe and takeaway prices. The cost of furniture decreased by more than this time last year, in line with traditional New Year discounting. These were offset by rising prices for alcohol and tobacco, following on from seasonal price cuts in December and a more subdued rise at the same time last year.”

Chancellor of the Exchequer Jeremy Hunt commented: “While any fall in inflation is welcome, the fight is far from over. High inflation strangles growth and causes pain for families and businesses. That’s why we must stick to the plan halve inflation this year, reduce debt, and grow the economy.” Defence Secretary Ben Wallace told Sky News on Wednesday that the government has a “long way to go” in its attempt to bring down inflation.

Labour’s shadow chancellor Rachel Reeves criticized the Conservative government’s economic record and called for a windfall tax on oil and gas companies to reduce the pressure on household energy bills, which are expected to increase significantly in April when the government scales down its energy support scheme.

Business groups have warned that the inflation rate remains “stubbornly high” and prices have settled at a much higher level. Earlier this month, the Bank of England, the UK’s central bank, raised interest rates for the 10th consecutive time, increasing the base rate from 3.5 to 4 percent in an attempt to control inflation. Governor Andrew Bailey said that the central bank has “seen the first signs that inflation has turned the corner” and that CPI inflation is expected to fall below the Bank’s 2 percent target rate in the spring of 2024, as long as energy prices fall as expected. Nevertheless, he cautioned that it is “too soon” to declare victory over inflation and that “if there were to be evidence of more persistent pressures, then further tightening of monetary policy would be required.”

Previous Post

BBC India offices searched by tax officials after gov’t blocked Modi documentary.

Next Post

Doug Ford warns Toronto would face “disaster” if a left-wing mayor is elected.

Related Posts

Alberta passes bill opposing federal gun confiscation.

Alberta passes bill opposing federal gun confiscation.

March 25
French civil servants banned from using TikTok.

London City Hall prohibits TikTok use.

March 25
Russia advances in Ukraine despite Bakhmut slowdown.

Russia advances in Ukraine despite Bakhmut slowdown.

March 25

Fire season begins early in Spain causing evacuation of 1500 people.

French civil servants banned from using TikTok.

Modi defamatory remarks result in Rahul Gandhi’s expulsion from Parliament.

Long-serving Iron Chef Kenichi Chen passes away at 67.

Many Australians affected by forced adoptions seek answers.

Ex-PM Keating Criticizes AUKUS Deal.

Load More
Next Post
Doug Ford warns Toronto would face “disaster” if a left-wing mayor is elected.

Doug Ford warns Toronto would face "disaster" if a left-wing mayor is elected.

India set to become world’s most populous nation, yet lacks accurate population data.

India set to become world's most populous nation, yet lacks accurate population data.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Trends

  • England removes COVID-19 test requirement for China arrivals.

    England removes COVID-19 test requirement for China arrivals.

    3 shares
    Share 1 Tweet 1
  • Biden visited Kyiv, Washington informed Moscow.

    9 shares
    Share 4 Tweet 2
  • The Ultimate Guide to Winning Back Your Ex: Unleash the Power of the #1 Girlfriend Recovery System!

    4 shares
    Share 2 Tweet 1
  • PBO is useless if not implemented

    2 shares
    Share 1 Tweet 1
  • ADF disaster response affecting recruitment efforts.

    2 shares
    Share 1 Tweet 1

Top Stories

job-live-chat-assistant

Paid Live Chat Assistant

renew-you-cover[1]

Healthy Weight Loss with Alpilean

keto diet

What is Keto Diet and why is it important?

Trended Review

Price Action (Trader) Membership Course

Price Action (Trader) Membership Course

by Thomas

Product Name: Price Action Membership Course Click here to get Price Action Membership Course at discounted price while it's still...

Most Viewed

Biden visited Kyiv, Washington informed Moscow.

Biden visited Kyiv, Washington informed Moscow.

by Thomas
February 20
0

The United States informed Russia about President Joe Biden's upcoming visit to Kyiv hours before his departure, according to White...

Music Trends

Currently Playing

Miley Cyrus - Flowers (Official Video)

Miley Cyrus - Flowers (Official Video)

00:03:22

The Weeknd & Ariana Grande - Die For You (Remix) (Official Lyric Video)

00:03:53

Taylor Swift - Anti-Hero (Official Music Video)

00:05:10

SZA - Kill Bill (Audio)

00:02:36

Tori Kelly - missin u (Official Music Video)

00:02:58

Metro Boomin, The Weeknd, 21 Savage - Creepin' (Visualizer)

00:03:42

Drake & 21 Savage - Privileged Rappers | A COLORS SHOW

00:02:26

Jenny Lewis - Puppy and a Truck

00:03:41

PinkPantheress, Ice Spice - Boy’s a liar Pt. 2 (Official Video)

00:02:16

Drake, 21 Savage - Rich Flex (Audio)

00:04:00

Bakar - Good News (Official Video)

00:03:18

Miley Cyrus - River (Official Video)

00:02:42

SHAKIRA || BZRP Music Sessions #53

00:03:38

Taylor Swift - Lavender Haze (Official Music Video)

00:03:31

Meghan Trainor - Mother (Official Music Video)

00:03:08

Harry Styles - As It Was (Official Video)

00:02:46

Sam Smith - Unholy (ft. Kim Petras) (Lyric Video)

00:02:38

Young Dolph - Love For The Streets (Official Video)

00:04:12

KAROL G, Shakira - TQG (Official Video)

00:03:37

Nicky Youre, dazy - Sunroof (Official Music Video)

00:02:55

Lukas Graham & Mickey Guyton - Home Movies [Official Music Video]

00:03:16

Post Malone - I Like You (A Happier Song) w. Doja Cat [Official Lyric Video]

00:03:13

SZA - Nobody Gets Me (Official Video)

00:03:03

Gus Dapperton - Horizons (Official Music Video)

00:03:38

SZA - Snooze (Audio)

00:03:24

Steve Lacy - Bad Habit (Official Video)

00:04:03

Benson Boone - Sugar Sweet (Official Music Video)

00:03:17

Morgan Wallen - You Proof (Official Music Video)

00:02:59

Lizzo - About Damn Time [Official Video]

00:04:06

Chris Brown - Under The Influence (Official Video)

00:02:57

Bebe Rexha - Heart Wants What It Wants (Official Music Video)

00:03:06

Sam Smith - I'm Not Here To Make Friends

00:04:03

OneRepublic - I Ain’t Worried (From “Top Gun: Maverick”) [Official Music Video]

00:02:35

Young Miko - Lisa (Official Video)

00:03:16

Rihanna - Lift Me Up (From Black Panther: Wakanda Forever)

00:03:33

Harry Styles - Late Night Talking (Official Video)

00:03:16

Future - WAIT FOR U (Official Music Video) ft. Drake, Tems

00:03:59

David Guetta & Bebe Rexha - I'm Good (Blue) [Official Music Video]

00:02:58

Elton John, Britney Spears - Hold Me Closer (Official Video)

00:03:25

Lil Nas X - STAR WALKIN' (League of Legends Worlds Anthem)

00:03:34

JVKE - golden hour (official music video)

00:03:52

Central Cee - Let Go [Music Video]

00:02:58

Kane Brown, Katelyn Brown - Thank God (Official Music Video)

00:02:56

The Kid LAROI - Love Again (Official Video)

00:02:28

Bad Bunny (ft. Chencho Corleone) - Me Porto Bonito (Video Oficial) | Un Verano Sin Ti

00:03:12

Selena Gomez - My Mind & Me (Official Lyric Video)

00:02:31

Bad Bunny - Tití Me Preguntó (Video Oficial) | Un Verano Sin Ti

00:04:51

Luke Combs - The Kind of Love We Make (Official Music Video)

00:03:58

Beyoncé - BREAK MY SOUL (Official Lyric Video)

00:04:47

Lost [Official Music Video] - Linkin Park

00:03:19

Jack Harlow - First Class [Official Music Video]

00:02:35

P!NK - TRUSTFALL (Official Video)

00:04:43

Morgan Wallen – Wasted On You (Audio Only)

00:02:59

Glass Animals - Heat Waves (Official Video)

00:03:56

Lil Durk - Hanging With Wolves (Official Video)

00:03:13

Cole Swindell - She Had Me At Heads Carolina (Official Music Video)

00:03:27

Chlöe, Latto - For the Night (Official Video)

00:03:52

Drake ft. 21 Savage - Jimmy Cooks (Official Audio)

00:03:39

RAYE, 070 Shake - Escapism. (Official Music Video)

00:04:34

Kate Bush - Running Up That Hill (Lyrics)

00:04:58

Nicki Minaj - Super Freaky Girl (Official Music Video)

00:02:52

Harry Styles - Music For a Sushi Restaurant (Official Video)

00:03:29

Doja Cat - Vegas (From the Original Motion Picture Soundtrack ELVIS) (Official Video)

00:03:23

Freddie Dredd - Limbo

00:03:24

The Kid LAROI, Justin Bieber - STAY (Official Video)

00:02:38

Tyler Hubbard - 5 Foot 9 (Unofficial Video)

00:03:10

Yung Gravy - Betty (Get Money) (Official Music Video)

00:02:27

Sia - Unstoppable (Official Video - Live from the Nostalgic For The Present Tour)

00:03:47

Tiësto - 10:35 (feat. Tate McRae) (Official Music Video)

00:03:02

Meghan Trainor - Made You Look (Official Music Video)

00:02:55

d4vd - Here With Me [Official Music Video]

00:03:42

Oliver Tree & Robin Schulz - Miss You [Official Music Video]

00:02:50

DJ Khaled ft. Drake & Lil Baby - STAYING ALIVE (Official Video)

00:03:07

Justin Bieber - Ghost

00:03:33

Rod Wave - Alone (Official Video)

00:03:10

Joji - Glimpse of Us

00:03:54

Latto - Big Energy (Official Video)

00:03:22

Burna Boy - Last Last [Official Music Video]

00:02:54

Stephen Sanchez - Until I Found You (Official Music Video)

00:02:56

Ed Sheeran - Shivers [Official Video]

00:03:58

Bailey Zimmerman - Fall In Love (Official Music Video)

00:04:26

Em Beihold - Numb Little Bug

00:02:50

Mitchell Tenpenny - Truth About You (Official Video)

00:03:22

Hitkidd, GloRilla - F.N.F. (Let's Go)

00:02:34

Charlie Puth - Left And Right (feat. Jung Kook of BTS) [Official Video]

00:02:40

Lil Baby - In A Minute (Official Video)

00:03:27

Jack Harlow - Churchill Downs feat. Drake [Official Music Video]

00:05:11

Elton John, Dua Lipa - Cold Heart (PNAU Remix) (Official Video)

00:04:15

Post Malone - Cooped Up ft. Roddy Ricch

00:03:18

Jelly Roll - Son Of A Sinner (Official Music Video)

00:03:51

Imagine Dragons - Sharks (Official Music Video)

00:03:37

Lil Nas X, Jack Harlow - INDUSTRY BABY (Official Video)

00:03:56

Muni Long - Hrs & Hrs

00:03:52

Ed Sheeran - Bad Habits [Official Video]

00:04:01

Kodak Black - Super Gremlin [Official Music Video]

00:03:18

Post Malone, The Weeknd - One Right Now

00:03:36

Doja Cat - Need to Know (Official Video)

00:03:40

Lady Gaga - Hold My Hand (From “Top Gun: Maverick”) [Official Music Video]

00:03:50

The Kid LAROI - Thousand Miles (Official Video)

00:03:18

Doja Cat - Woman (Official Video)

00:03:13

Top Rated Tips, News and Atricles » World » Inflation drops to 10.1%, but Chancellor warns fight is not over.

© 2023 BoostYourLike

  • Contact
  • About Us
  • Privacy Policy
  • Login
  • Sign Up
No Result
View All Result
  • World News
  • Entertainment
    • Travel
    • Games
    • Alternative Beliefs
  • Business
    • Employment
  • Health
  • Home & Garden
    • Food
    • Family
    • Education
  • Politics
  • Sports
  • Technology
  • 🔥 Must-Haves 🔥

© 2023 BoostYourLike

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In