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Inflation comment from Simon Webb at LiveMore
18 January 2023
Simon Webb, managing director of capital markets and finance at LiveMore, commented: “There has been some respite recently with a fall in fuel and oil prices which has fed into the latest small, but welcome drop in inflation.
“The rise in food prices of 16.8% is worrying and so is the fact that although wholesale gas and electricity prices are down, unfortunately householders will not be benefiting as energy suppliers buy energy in advance. Even if they do pass on any fall in price in a few months’ time, in April the government’s energy price guarantee goes up from £2,500 to £3,000, meaning our energy bills will still be sky high. If inflation continues to fall it will be slowly.”
