{"id":23309,"date":"2022-10-18T11:12:46","date_gmt":"2022-10-18T11:12:46","guid":{"rendered":"https:\/\/smh.group\/?p=23309"},"modified":"2022-10-18T13:47:50","modified_gmt":"2022-10-18T13:47:50","slug":"the-fight-against-rising-inflation","status":"publish","type":"post","link":"https:\/\/devstagesite.co.uk\/smhgroup\/the-fight-against-rising-inflation\/","title":{"rendered":"The fight against rising inflation"},"content":{"rendered":"

There are many simple ways to cut expenditure and ease the bite of inflation.<\/strong><\/p>\n

The peak reading for inflation is likely to have been changed by the government\u2019s September decision to introduce a \u2018price cap\u2019 of \u00a32,500 on utility bills. Of course, the cap is no such thing \u2013 you could pay more than \u00a32,500 \u2013 but what it represents is a ceiling on standing charges and unit prices. Although press coverage has said the new cap will reduce inflation by up to 5%, the decision on whether it does rests with an interpretation of its operation by the Office for National Statistics (ONS), the guardian of inflation measurement. For example, the ONS decided that the \u00a3400 flat rate rebate from October 2022 to March 2023 is an increase to household income rather than a reduction of household expenditure and so does not affect inflation.<\/p>\n

Whatever the ONS decides, it is likely that your income will not keep pace with inflation in the near term. If you are searching for ways to cut expenditure, there are plenty of often overlooked opportunities. Here are three quick examples:<\/p>\n