A year ago, inflation was 11.1%. Global factors including Covid and the war in Ukraine hiked up inflation and we made it our priority to halve inflation.
Because the government stuck to the plan, inflation is now at its lowest in two and a half years at 3.4%. We forecast that it will hit 2% within months, one year sooner than expected.
AND Wages have been growing at around 6.1%. This means wages are rising much faster than inflation - making people better off.
I think this is good news for everyone in South Ribble and shows the plan is working.
