Labour Research March 2023

News

No move on inflation

There has been no significant fall in inflation yet, the Office for National Statistics (ONS)revealed. Retail Prices Index (RPI) inflation stuck at 13.4% for the year to January (although the Consumer Prices Index rate fell from 10.5% to 10.1%, and CPIH with a housing element from 9.2% to 8.8%).

Those most likely to be experiencing “financial vulnerability” include parents living with dependent children, and adults on £10-15,000.