the longer that inflation rates remain high the worse it is. The quoted inflation rates are on a yearly basis. But if the rate was high a yer ago we should really be looking at inflation rates based on So inflation in 2021 was 2.59% Since then we have had a 9% rise in 2022 and thereofre the presnt rates (that the government boasts are falling) are actually 6% higher than the 9% rise of a year ago. I make that a 15% rise. Prices never fall and corporations are racking up record profits. So if wage rises are less than inflation the actual hit to household income is much worse.

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