Britain's consumer price index measure of inflation dropped to 4.6 per cent for the 12 months to October, its lowest level in almost two years, meaning the government's pledge to halve it from 10.7 per cent in late 2022 has been achieved well ahead of schedule, largely thanks to falling energy prices.
The arrival of the colder weather means cranking up the radiators to stay warm while the festive season demands increased spending on food and drink, gifts, decorations and travel at a time when many are up against it, with the Joseph Rowntree Foundation (JRF) recently reporting that as many as 2m households in the UK have found themselves forced to unplug their fridge or freezer to keep bills low, warning of frightening levels of hardship.
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