Talk to economists and they will tell you that the cost of living crisis is over.
They will point towards charts showing that while inflation is still above the Bank of England’s 2 per cent target, it has come down considerably in recent years, and is now “only” hovering between 3% and 4%.
So why does the cost of living still feel like such a pressing issue for so many households? The short answer is because, depending on how you define it, it never ended.
Sky’s economics & data editor, Ed Conway investigates.
Read more: https://news.sky.com/story/uk-economy-shrinks-for-second-month-in-a-row-13395239
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