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Inflation rate 2025
Retail Prices Index (RPI) inflation could average 3.5% in 2025, according to the Office for Budget Responsibility. RPI is the better measure of the cost of living and is almost always higher than the CPI measure.
The fact remains that prices are 33% higher than three years ago, according to RPI figures for October.
The November inflation figures had not been released at the time of going to press.