If I call in for a coffee on my way to work it will be a similar story. After recent price rises, I can expect to pay nearly £4 for a flat white.
These are two examples of what Rachel Reeves calls the everyday economy in action, and they tell us something about the challenge facing the chancellor as she seeks to improve Britain's poor economic performance.
It's not hard to see why a haircut and a cup of coffee are going up in price. Rents are higher, insurance is more expensive and so are fuel and labour. Businesses have a choice: they can absorb these extra costs or they can try to pass them on to their customers. Many are doing the latter, which is why inflation in the services sector is running at 5.7% while overall consumer price index inflation is 2%.
هذه القصة مأخوذة من طبعة July 22, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة July 22, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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