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Inflation is falling - but are people still feeling the pinch?

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The rate of inflation slowed sharply to an annual rate of 3.4% in February, according to official figures charting a big contribution from food costs.

The data does not mean that overall prices are falling but rising at a slower pace than they were, now at a level well below the pace of wage increases which were last measured around 6%.

Ed Conway is in Grimsby to find out if people still feel the pinch.

Read more: https://news.sky.com/story/rate-of-inflation-eases-to-3-4-in-february-official-figures-show-13098384

#inflation #economy #politics

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Category
News and politics
Tags
ed conway, business, economy

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