{"id":133919,"date":"2023-11-16T02:18:05","date_gmt":"2023-11-16T02:18:05","guid":{"rendered":"https:\/\/bluemull.com\/?p=133919"},"modified":"2023-11-16T02:18:05","modified_gmt":"2023-11-16T02:18:05","slug":"rishi-sunak-hails-hitting-number-one-priority-to-halve-inflation-by-the-end-of-the-year-the-sun","status":"publish","type":"post","link":"https:\/\/bluemull.com\/world-news\/rishi-sunak-hails-hitting-number-one-priority-to-halve-inflation-by-the-end-of-the-year-the-sun\/","title":{"rendered":"Rishi Sunak hails hitting "number one priority" to halve inflation by the end of the year | The Sun"},"content":{"rendered":"
RISHI Sunak has hit his inflation target today in a major boost for struggling households as it fell to 4.6 per cent.<\/p>\n
The rate fell below 5 per cent for the first time in two years delivering on a key Downing Street promise.<\/p>\n
<\/p>\n
The Prime Minister said at the beginning of the year the rate would halve by the end of 2023 when it was running at \u00a010.7 per cent.<\/p>\n
Mr Sunak said: "Inflation works like a tax. It eats into the pound\u00a0in your pocket, affecting the price of your food shop, your mortgage, the size of your pension pot. <\/p>\n
"This is why halving inflation has been my number one priority.Getting it down has involved hard decisions and fiscal discipline."<\/p>\n
The figures mark the rate of inflation for the year to October after hitting a peak of 11.1 per cent.<\/p>\n
Inflation is a measure of how the price of goods and services has changed over the past year.<\/p>\n
It will be a major relief in Downing Street to make on of his five pledges – which also include stopping illegal boat crossings across the Channel and cut NHS wait times.<\/p>\n