![](https://www.mnnofa.com/wp-content/uploads/2023/07/uk-inflation-and-interest-rates-high-how-do-other-economies-compare.jpg)
But so-called “core” inflation, a measure which strips out energy and food, remains near its highest rate for 30 years. That suggests there is still strong spending on non-essentials, treats, with some people using savings stashed away during the pandemic, or due to pay rises.
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