Inflation Falls to 2.3%: Chancellor of the Exchequer Jeremy Hunt Speaks Out
In a recent interview on BBC Breakfast, Chancellor of the Exchequer Jeremy Hunt discussed the latest inflation figures, which have fallen to 2.3%. Presenter Jon Kay questioned Hunt about his thoughts on the matter, asking if he was disappointed that the target of 2% had not yet been reached.
Hunt responded, stating that he was not disappointed, as the figure had dropped by almost 1% since the last inflation numbers were released. He also highlighted that inflation in the UK is now lower than in the United States or the Euro zone. However, he acknowledged that prices are still higher than they were a year ago, emphasizing the need to continue with the plan to bring inflation down to the target of 2%.
For families concerned about the cost of living, the news of inflation falling to more normal levels will come as a relief. However, it is important to note that prices remain elevated compared to last year. Hunt’s comments suggest that the government is committed to tackling inflation and ensuring that it remains at a manageable level.
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