Of course people still feel the pinch and the pinch is getting worse. Inflation slowing doesn't mean prices falling. It means prices are still rising at an unsustainable rate. And pay is not rising to match.
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https://www.theguardian.com/business/2023/jan/18/uk-inflation-dips-people-continue-to-feel-pinch
🐦🔗: https://n.respublicae.eu/catherinerowett/status/1615622433431584768
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And yet again the Bank of England intends to raise interest rates, which will make the problem worse. The inflation here isn't caused by an excessive money supply. If anything there's too little money in circulation. No one can afford anything. It's all gone to the rich 1%.
🐦🔗: https://n.respublicae.eu/catherinerowett/status/1615626809449619458
