Cost of living and inflation are not the same thing

The inflation rate increased to 2.3% in October, well below the level at which it peaked two years ago. But you would be wrong to think the cost of living crisis is over.At energy firm Utilita’s Hampshire call centre on a very cold day earlier this week, I witnessed the cost of living pressures on the frontline.At 10am, red lights flashed up on a map of Britain as prepayment meters ran out of money, and the firm…