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The Guardian - UK

Business

Phillip Inman

UK households face battle to regain former living standards even if inflation eases

Inflation United Kingdom Paul Nowak

Smart meter in UK kitchen alongside an electric kettle — Energy prices last month were 89% higher than in January 2021. Photograph: Simon Dack/Alamy

Inflation remains a problem for every household, despite recent falls that have more than halved the consumer prices index since a peak in 2022.

The latest figures for January show gas and electricity bills were pushed higher by Great Britain’s regulator, Ofgem, lifting the prices cap by 5%, while restaurants and hotel charges jumped 7% year on year.

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