The latest Consumer Prices Index figures show the rise in the cost of living fell to 3.1 per cent in the year to September – down slightly from 3.2 per cent in August. However, the inflation figure remains far above the Bank of England’s target rate of 2 per cent, as fuel, food and transport costs remain a struggle for many people across the country.
“I think it’s a real cause of some concern because, clearly, we want inflation rates to be lower,” Kwarteng told the BBC yesterday. The business secretary added: “There’s a debate at the moment as to how long this inflation will last – I’m confident that it’ll be contained. We’ll have to wait and see.”
Kwarteng pointed to growth sparked by the reopening of the economy after the Covid pandemic as a cause for price hikes. “One of the causes for inflation is the fact that the economy is rebounding … it’s a fast rebound,” he said. “When you see quite strong economic growth there’s always the danger you’ll have inflation.”
هذه القصة مأخوذة من طبعة October 21, 2021 من The Independent.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 21, 2021 من The Independent.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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