Cost of Living Crisis Rolls On Despite Falling Inflation
• Falling inflation does not mean lower prices - costs are still rising, just at a slower pace • Households face ongoing pressures - bills, food, and housing costs remain high • Mortgage costs set to jump in 2023 as fixed rates end - hitting young people hardest • Multiple "waves" to the crisis so far - supply chains, energy, food costs, now mortgages • Longstanding issues like weak wage growth still not resolved - housing still dysfunctional