UK faces tough winter as prices stay high

And yet in global markets there are the smallest signs that the initial reasons behind the spike in inflation a year ago, post-pandemic supply chain problems, are starting to turn. It can be seen most clearly in the used car market, which was among the very first harbingers of the broken supply chain inflation spike, and is now leading the falls. The more relaxed approach to China’s “zero Covid” lockdowns has also meant there is some light at the end of the tunnel about prices.

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