United Kingdom
General community for news/discussion in the UK.
Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
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Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
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Inflation rates are quoted as rolling annual percentages.
Since 2019, the cost of goods and services has gone up 21.94%.
You can find out more about much the value of your money has decreased over time using the Bank of England's Inflation Calculator at https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator
This is the important one. Inflation figures are year-on-year.
If the high rate continues for more than 1y, the hike can be more painful than the YOY number suggests.