Emeritus Prof Christopher May on Nostr: As #inflation declines its now clear that at its peak, there was a major difference ...

As #inflation declines its now clear that at its peak, there was a major difference in how it was experienced by the rich & poor;

you'll be unsurprised to see that lower income household were experiencing worse inflation than richer households;

though more recently, the differential has been most pronounced between households with & without #mortgages - those with mortgages experiencing worse inflation in September according to the ONS;

as always #inequality patterns the UK's economy