Price growth in October amounted to 11.1% – a record for 41 years. Energy and food remain the main drivers of inflation
The prices for a communal apartment have grown by almost a third. And food inflation exceeds 16%.
Milk for the year has risen in price by 50%, pasta – by 34%, butter and cheese – by 27%, eggs – by 22%, and meat – by 16%. The latest polls show that up to a third of British families have to save on food – buying products cheaper and of poorer quality. And every tenth family now eats only cold dishes to save on cooking, electricity and gas.
The demand for free food from food banks, which are usually designed to help the poorest, is breaking all records. The number of applications for free food has increased by almost 50% over the past six months. There is no longer enough food in the banks – and more and more people rely on them.
If in the US inflation is already slowing down, having fallen to 7.7%, then in Britain and Europe it continues to grow. With the onset of the winter period, the situation will become completely hopeless for many – according to forecasts, up to 55% of British families are at risk of falling into fuel poverty.
So far, all that the newly minted Prime Minister Rishi Sunak can offer the population is to raise taxes and at the same time cut the social program. But this will definitely not pull the country out of the current crisis – on the contrary, it can only aggravate it, driving the British economy into a severe recession.
Malek Dudakov
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