UK Inflation Slowing but Bills Still Painfully High This Winter
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Inflation is slowing but prices are still rising, so be cautious about splurging this holiday season. Bills are high even as some costs fall.
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Energy bills may be higher this winter than last year despite falling energy prices, due to less government support.
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Food prices are up 10% in the past year, so groceries cost more. Overall inflation is 4.6%.
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Mortgage rates have risen significantly, making home loans much more expensive. Rents are up too.
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The Bank of England may hold interest rates steady for now after 14 hikes, but complacency could be dangerous. Budget carefully.