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How Inflation Crises Affect The Students And Their FamiliesIn these challenging times, as prices continue to skyrocket and inflation takes a toll on family finances, people are compelled to adjust their lifestyles and limit their spending to essential items that fit within their budgets. Bleak forecasts from economic advisors suggest a worsening situation, with the anticipated increase in energy prices during winter further exacerbating the challenges...
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Never ending Cost-of-living crisis as inflation exceeds!Consumer prices index inflation stuck at 8.7 per cent, data shows. Working people need a credible plan from the government to their standard of living. The latest inflation figures showed that households can expect further misery. What does the statistics show? Consumer prices index (CPI) inflation remained at 8.7% in May compared with the predicted drop of 8.4%, according to the...
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Sunday Social: Record-breaking inflation rate, People can’t buy foodThe struggle is on for a lot of families in the UK to meet the basic goods because of the high cost. The report shows that the newest inflation rates have gone up to 7%. Since the last month, the process of squeezing is on; the prices of food and fuel are rising continuously; people are seeing the record-breaking inflation rate. The National Statistics office is saying that according to the...
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Wages, Inflation, and Cost-of-LivingPeople’s wages in the UK have dropped to the lowest. The rate is the lowest in more than a decade. People are facing difficulties because with the current rate of wages they cannot deal with the ever-increasing inflation rate. It can be disastrous for a lot of working people. “People Should not ask for a pay rise,” is what has been proposed by the Bank of England, though the...