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Prices at the supermarket check-out and other household bills have risen quickly over the last two years. Those price rises are now slowing down. Inflation is the measure of how quickly prices are rising. You may have seen in the news that inflation is now below 5%. We expect inflation to be back to more normal levels by the end of 2025. By normal, we mean that on average, prices are rising by around 2% a year. That’s the target the government has set us. But many things will still cost more tha
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