The latest inflation figures have been released by the Office for National Statistics (ONS) and has indicated a promising drop towards normality.
In December, inflation was marked at 10.5 per cent while January saw a 0.4 per cent drop, bringing it down to 10.1 per cent. According to data from the ONS. this inflation was driven by some items in particular.
For example, the cost of low-fat milk rose more than any other category in the 12 months leading to January. Food as a whole was in fact one of the categories which saw the sharpest rises in price.
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Despite this, there are some areas where prices decreased, including second-hand cars and personal computers. Here's a breakdown of all the everyday items which have both increased and decreased in price over the 12 months leading up to January 2023.
All the everyday items that have increased in price:
- Low-fat milk 45.2%
- Olive oil 44.6%
- Sugar 40.9%
- Whole milk 37.2%
- Cheese and curd 35.2%
- Eggs 28.8%
- Motor vehicle insurance 28%
- Butter 27.1%
- Mineral or spring waters 22%
- Ready-made meals 21.9%
- Jams, marmalades and honey 21.4%
- Pasta products and couscous 20.8%
- Potatoes 20.3%
- Fresh or chilled fish 19.6%
- Bread 19%
- Passenger transport by air 18.4%
- Hotels and similar accommodation 18.2%
- Yoghurt 18.1%
- Margarine and other vegetable fats 17.7%
- Footwear for infants and children 17%
- Soft drinks 16.2%
- Refrigerators, freezers and fridge-freezers 15.6%
- Meat 15%
- Crisps 14.7%
- Coffee 14.5%
- Tea 13.5%
- Travel insurance 13%
- Fast food and takeaway food 12.1%
- Household furniture 11.4%
- Rice 11.2%
- Fruit and vegetable juices 10.3%
- Breakfast cereals 9.1%
- Chocolate 8.5%
- Clothes washing machines, clothes drying machines and dishwashing machines 7.4%
- Gardens, plants and flowers 7.2%
- New cars 6.7%
- Fresh or chilled fruit 6.3%
- Plants and flowers 5.8%
- Dental services 4.9%
- Footwear for men 3.8%
- Petrol 3%
- Dried fruit and nuts 2.7%
- Footwear for women 1.1%
- Cinemas, theatres, concerts 0.6%
All the items that have decreased in price:
- Equipment for camping and open-air recreation -1.2%
- Furnishings fabrics and curtains -1.3%
- Charges by banks and post offices -1.3%
- Software -2.7%
- Coffee machines, tea makers and similar appliances -4.6%
- Second-hand cars -7.2%
- Personal computers -7.6%
- Mobile telephone equipment -8%
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