The Christmas night out has become more expensive.
The fall in the overall rate of inflation in November was due to petrol prices easing from record highs, and lower prices for second hand cars.
Kate Nicholls, the head of industry group UK Hospitality boss, said: "While the headline rate of inflation has reduced slightly, it remains the case that hospitality businesses are seeing intense inflation in every aspect of their operations." Billy Williams, who runs Reading Winter Wonderland, said he had noticed a rise in phone calls asking for group discounts on rides at the annual Christmas event.He said entry to the event was still free and ticket prices for attractions had not gone up for three years, but that could change as his overheads rise.
While households still face an historic squeeze from the cost of living, the Bank of England may feel able to slow up on rises in interest rates, especially given expectations a recession has already started. Chancellor Jeremy Hunt said tackling inflation remained his "top priority", and suggested November's fall did not mean it could raise public sector pay. Anger over how it has lagged behind soaring prices has led to widespread strikes.
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