Inflation Falls to Lowest in 2 Years But Cost of Living Still High for Many
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Inflation dropped to 4.6% in October, lowest in nearly 2 years, but still above Bank of England's 2% target. Cost of living remains high for many households.
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Benefit payment dates changed due to Christmas and New Year bank holidays - money will arrive earlier on 22 or 29 December.
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Further cost of living support coming in 2023/2024, including £300 payment in spring for eligible benefit claimants.
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Energy Price Cap fell to £1,923 for Q4 2022, reflecting wholesale price drops. Expected to remain around this level through 2023.
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Warm Home Discount scheme returns, giving £150 off bills for qualifying pension credit recipients and low income households.