'No room for complacency in battle against inflation' warns Chancellor despite easing

The rate of inflation is back in single digits for the first time since last summer, easing to 8.7% last month - but food inflation remains near 20% and core price inflation is at a 30-year high. The squeeze on household spending power will remain throughout 2023 and likely beyond.

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Chancellor Jeremy Hunt said he is looking into why food prices remain so high.
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