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Evening Standard
Evening Standard
World
Jonathan Prynn

Cost of living crisis: Real-terms income falls as squeeze tightens

The cost of living squeeze tightened for millions of workers in the three months to April when base pay fell 2.2 per cent after taking inflation into account, official figures revealed today.

Regular pay excluding bonuses was up 4.2 per cent during the period, according to the Office for National Statistics (ONS). But with soaring energy and food prices fuelling a rate of inflation well above that most people were getting worse off.

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