Next UK government poised to benefit from fall in inflation and fuel prices:
Pressure on household finances eases as shop price rises slow to 0 ...
theguardian.com/money/article/2024/jul/02/next-uk-government-poised-to-benefit-from-fall-in-inflation-and-fuel-prices
Photo: theguardian.com · view article
Key FactsBritain's Next Government Set to Benefit from Decrease in Inflation and Fuel Price Decline
Jul 2, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: theguardian.com
Summary created with AI assistance · Source: theguardian.com
- Britain’s upcoming government is set to reap the rewards of reduced pressure on household finances following a deceleration in store inflation and a dip in fuel prices, though expenses are still deemed “too high” for many families.
- Data from the British Retail Consortium (BRC) indicates that last month, annual UK shop price inflation dropped to 0.2%, down from 0.6% in May - marking the slowest rate since October 2021 - as retailers slashed prices on numerous key products, such as butter and coffee.
- Ahead of Thursday's general election, statistics from the RAC reveal that both petrol and diesel prices witnessed a consecutive drop in June, alleviating the financial strain on households impacted by the cost crisis. Despite this improvement, refueling at stations in England, Wales, and Scotland is still perceived as “too costly.”
- As per the RAC's monthly fuel monitoring report, the average petrol price in the UK towards the end of June hovered just below 145p per liter, down from the initial 148p. Meanwhile, diesel saw a decrease from nearly 154p to around 150p.
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Summary created with AI assistance · Source: financialexpress.com
Summary created with AI assistance · Source: financialexpress.com
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Aug 31, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: en.prothomalo.com
Summary created with AI assistance · Source: en.prothomalo.com
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Jun 4, 2024 · Reading time: ~10 sec.
Summary created with AI assistance · Source: khaleejtimes.com
Summary created with AI assistance · Source: khaleejtimes.com
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