{"id":141368,"date":"2023-09-19T12:36:41","date_gmt":"2023-09-19T12:36:41","guid":{"rendered":"https:\/\/celebrity-hub.com\/?p=141368"},"modified":"2023-09-19T12:36:41","modified_gmt":"2023-09-19T12:36:41","slug":"inflation-will-fall-back-to-3-per-cent-next-year-in-boost-for-families-after-suffering-worst-year-among-g7-nations-the-sun","status":"publish","type":"post","link":"https:\/\/celebrity-hub.com\/lifestyle\/inflation-will-fall-back-to-3-per-cent-next-year-in-boost-for-families-after-suffering-worst-year-among-g7-nations-the-sun\/","title":{"rendered":"Inflation will fall back to 3 per cent next year in boost for families &#8211; after suffering worst year among G7 nations | The Sun"},"content":{"rendered":"<p>INFLATION will fall back to 2.9 per cent next year in a boost for Rishi Sunak\u2019s flagship to tame soaring price rises.<\/p>\n<p>But the merciful drop for families will come after Britain suffered the highest rate of the world\u2019s wealthiest countries in 2023.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/08\/9df92c5b-a8bb-4c20-a223-12efef6bc972.jpg\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/image-842.png\"><\/p>\n<p>Forecasts from the Organisation for Economic Cooperation Development show UK inflation is set to average at 7.2 per cent this year, the worst among G7 nations.<\/p>\n<p>The PM has vowed to halve inflation by the end of this year from around 10 per cent last January to around 5 per cent by Christmas.<\/p>\n<p>He is still set to miss the Government&#x27;s target of taming inflation to 2 per cent &#8211; with the Bank of England expected to hike interest rates this week to help wrestle down price rises.<\/p>\n<h2><span>READ MORE ON MONEY<\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/newspress-collage-23928080-1694554033563.jpg\"><\/p>\n<h3>Boost for families as food inflation slows to lowest level in a year<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/newspress-collage-23882457-1694216118766.jpg\"><\/p>\n<h3>BoE&#8217;s commitment to net zero is &#8216;fuelling inflation&#8217;, claims its former chief<\/h3>\n<p>The OECD also predicts the British economy to hit average growth of 0.3 per cent this year, rising to 0.8 in 2024.<\/p>\n<p>While it is sluggish, ministers will take comfort that the economy is not shrinking like Germany and Argentina. <\/p>\n<p>Chancellor Jeremy Hunt said: \u201cToday the OECD have set out a challenging global picture, but it is good news that they expect UK inflation to drop below 3 per cent next year.<\/p>\n<\/p>\n<p>\u201cIt is only by halving inflation that we can deliver higher growth and living standards. We were among the fastest in the G7 to recover from the pandemic, and the IMF have said we will grow faster than Germany, France, and Italy in the long term.&quot;<\/p>\n<p>But Labour&#x27;s shadow treasury minister Darren Jones hit back: &quot;Today\u2019s economic forecasts show that the Tories are delivering more of the same.\u00a0<\/p>\n<h2>Most read in Money<\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/06\/79a8122d-0cdb-470d-ae18-98904e302b80.jpg\"><\/picture><span>POT LUCK <\/span><\/p>\n<h3>Huge change to pension rules for millions &#038; you could be up to \u00a3159k better off<\/h3>\n<p><\/span><span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/british-pound-banknotes-805510975-1.jpg\"><\/picture><span>HELPING HAND <\/span><\/p>\n<h3>Exact date when millions will get up to \u00a3600 payment direct to bank account<\/h3>\n<p><\/span><span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/MR-MORRISONS-CHRISTMAS-MENU-comp.jpg\"><\/picture><span>FESTIVE FOOD <\/span><\/p>\n<h3>Morrisons unveils Christmas menu including cheesy jalapeno pigs in blankets<\/h3>\n<p><\/span><span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/wilkinson-hardware-stores-ltd-wilko-840949812.jpg\"><\/picture><span>SHOP TO IT <\/span><\/p>\n<h3>Wilko issues message to shoppers under new owners &#8211; fans will be delighted<\/h3>\n<p><\/span><\/p>\n<p>&quot;Our \u2018inaction man\u2019 Prime Minister is too weak to turn things around, while his predecessor Liz Truss calls for even more uncosted policies that crashed the economy this time last year.&quot;<\/p>\n<p>In its report, the\u00a0OECD\u00a0said: &quot;Activity has already weakened in the euro area and the United Kingdom, reflecting the lagged effect on incomes from the large energy price shock in 2022 and the comparative importance of bank-based finance in many European economies.&quot;<\/p>\n<p>Source: <a href=\"https:\/\/www.thesun.co.uk\/money\/24017013\/inflation-will-fall-back-to-3-per-cent\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>INFLATION will fall back to 2.9 per cent next year in a boost for Rishi Sunak\u2019s flagship to tame soaring price rises. But the merciful drop for families will come after Britain suffered the highest rate of the world\u2019s wealthiest countries in 2023. Forecasts from the Organisation for Economic Cooperation Development show UK inflation is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":141367,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inflation will fall back to 3 per cent next year in boost for families - after suffering worst year among G7 nations | The Sun - Celebrity-hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/celebrity-hub.com\/lifestyle\/inflation-will-fall-back-to-3-per-cent-next-year-in-boost-for-families-after-suffering-worst-year-among-g7-nations-the-sun\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation will fall back to 3 per cent next year in boost for families - after suffering worst year among G7 nations | The Sun - Celebrity-hub\" \/>\n<meta property=\"og:description\" content=\"INFLATION will fall back to 2.9 per cent next year in a boost for Rishi Sunak\u2019s flagship to tame soaring price rises. But the merciful drop for families will come after Britain suffered the highest rate of the world\u2019s wealthiest countries in 2023. Forecasts from the Organisation for Economic Cooperation Development show UK inflation is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/celebrity-hub.com\/lifestyle\/inflation-will-fall-back-to-3-per-cent-next-year-in-boost-for-families-after-suffering-worst-year-among-g7-nations-the-sun\/\" \/>\n<meta property=\"og:site_name\" content=\"Celebrity-hub\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-19T12:36:41+00:00\" \/>\n<meta name=\"author\" content=\"Ryan Shaver\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/celebrity-hub.com\/wp-content\/uploads\/2023\/09\/Inflation-will-fall-back-to-3-per-cent-next-year-in-boost-for-families-after-suffering-worst-year-among-G7-nations-The-Sun.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ryan Shaver\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/celebrity-hub.com\/lifestyle\/inflation-will-fall-back-to-3-per-cent-next-year-in-boost-for-families-after-suffering-worst-year-among-g7-nations-the-sun\/\",\"url\":\"https:\/\/celebrity-hub.com\/lifestyle\/inflation-will-fall-back-to-3-per-cent-next-year-in-boost-for-families-after-suffering-worst-year-among-g7-nations-the-sun\/\",\"name\":\"Inflation will fall back to 3 per cent next year in boost for families - after suffering worst year among G7 nations | The Sun - Celebrity-hub\",\"isPartOf\":{\"@id\":\"https:\/\/celebrity-hub.com\/#website\"},\"datePublished\":\"2023-09-19T12:36:41+00:00\",\"dateModified\":\"2023-09-19T12:36:41+00:00\",\"author\":{\"@id\":\"https:\/\/celebrity-hub.com\/#\/schema\/person\/74db1979fe71b5ea01513ec1ce5bc609\"},\"breadcrumb\":{\"@id\":\"https:\/\/celebrity-hub.com\/lifestyle\/inflation-will-fall-back-to-3-per-cent-next-year-in-boost-for-families-after-suffering-worst-year-among-g7-nations-the-sun\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/celebrity-hub.com\/lifestyle\/inflation-will-fall-back-to-3-per-cent-next-year-in-boost-for-families-after-suffering-worst-year-among-g7-nations-the-sun\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/celebrity-hub.com\/lifestyle\/inflation-will-fall-back-to-3-per-cent-next-year-in-boost-for-families-after-suffering-worst-year-among-g7-nations-the-sun\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/celebrity-hub.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lifestyle\",\"item\":\"https:\/\/celebrity-hub.com\/category\/lifestyle\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Inflation will fall back to 3 per cent next year in boost for families &#8211; after suffering worst year among G7 nations | The Sun\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/celebrity-hub.com\/#website\",\"url\":\"https:\/\/celebrity-hub.com\/\",\"name\":\"Celebrity-hub\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/celebrity-hub.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/celebrity-hub.com\/#\/schema\/person\/74db1979fe71b5ea01513ec1ce5bc609\",\"name\":\"Ryan Shaver\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/celebrity-hub.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d7cef2e0d8d634cb49d54f7c48b549a1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d7cef2e0d8d634cb49d54f7c48b549a1?s=96&d=mm&r=g\",\"caption\":\"Ryan Shaver\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Inflation will fall back to 3 per cent next year in boost for families - after suffering worst year among G7 nations | The Sun - Celebrity-hub","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/celebrity-hub.com\/lifestyle\/inflation-will-fall-back-to-3-per-cent-next-year-in-boost-for-families-after-suffering-worst-year-among-g7-nations-the-sun\/","og_locale":"en_US","og_type":"article","og_title":"Inflation will fall back to 3 per cent next year in boost for families - after suffering worst year among G7 nations | The Sun - Celebrity-hub","og_description":"INFLATION will fall back to 2.9 per cent next year in a boost for Rishi Sunak\u2019s flagship to tame soaring price rises. 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