Although the rate of price increases is slowing, households have seen a sharp rise in costs over the last year.
The government will have left households in Britain"worse off", even if official data on Wednesday shows a slowdown in the rate of inflation, Labour has said.
The Office for National Statistics is expected to reveal the Consumer Prices Index rate of inflation was down to 6.7% in July, from 7.9% the previous month. But Labour is accusing the Conservatives of overseeing a more than £350 rise in monthly bills for the average household since 2021/22.there is"light at the end of the tunnel" of the cost of living crisis, but Labour is accusing the government of overseeing"13 years of economic chaos and incompetence".The opposition says that even if the rate of inflation slows, families across the country will be paying £82 more per week on living costs than in 2021/22.
It says weekly spending on good and services such as transport, food, and fuel bills is forecast to have risen from £529 in 2021/22 to £611 today. This means that even if Mr Sunak does manage to halve inflation by the end of the year - which is one of his five priorities - families will still be hundreds of pounds worse off, according to the opposition.
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