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Upasana Dutt of the EIU said that social constraints around the world disrupted the supply of goods, leading to shortages and rising prices.
She said: “Next year, we expect the cost of living to increase further in many cities as wages rise in many sectors.
“But we also expect central banks to raise interest rates cautiously to curb inflation. So price rises should start to slow down.”
Research has found that higher prices they contributed to the fastest rise in the cost of living of urban residents in half a decade, as the cost of goods and services rose by an average of 3.5 percent year on year in local currency compared to growth of 1.9 percent per year. one year ago.
Transport costs were found to have increased the most, mainly due to the rise in oil prices, which led to a 21% jump in the price of unleaded petrol. The categories of recreation, tobacco and personal care also increased.
Experts predict that the cost of living in Britain will deteriorate. Food price inflation in the United Kingdom, it reached a 14-month high of 2.1 percent in October, Kantar reports.
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