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Articles on Cost of living crisis

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Bank of England governor Andrew Bailey, like other central bank heads, has been trying to see a way through a recent inflation crisis. PA Images/Alamy Stock Photo

Inflation has affected the UK, US and Europe differently – here’s what this means for interest rates

The UK, eurozone and US inflation stories have diverged, which means each economy is now fighting a distinct battle with prices rises, which could require very different weapons.
Cutting back on pricier food items and focusing on more affordable staple foods could help consumers deal with rising food costs, but these strategies affect brand loyalty. (Shutterstock)

The rising cost of living is eroding brand loyalty as consumers seek more cost-effective alternatives

Once a cornerstone for many food retailers, brand loyalty is eroding as consumers prioritize cost savings over long-term brand relationships.
Jerome Powell, chair of the US Federal Reserve, announced a pause in US rate hikes in September 2023. Shawn Thew/EPA-EFE

Why central banks should stop raising interest rates

Central banks balance different factors when raising rates – or not – including inflation and the labour market. But what other countries are doing also has an effect.

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