Inflation throughout December eased slightly, offering hope that analysts’ predictions that inflation has peaked are correct. Following a six-year high of 3.1 per cent in November, the Office for National Statistics (ONS) has revealed that inflation dropped to three per cent last month. This will come as good news to consumers, who have seen stagnant wage growth alongside soaring inflation, leading to a sharp decline in spending power.
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Inflation offers some relief in December