The latest ONS figures have revealed another increase in inflation, now at 3.8%, the highest rate in well over a year.
Under the UK Conservative Government, inflation fell to the 2% Bank of England target in June 2024. Since then, the rate has nearly doubled.
Commenting, Welsh Conservative Shadow Cabinet Secretary for Economy and Energy, Samuel Kurtz MS said:
“Labour’s economic mismanagement is hitting people in their pockets, with inflation nearly doubling since Keir Starmer took office.
“Inflation sat at only 2% when the Conservatives left government. Labour’s business-taxing, debt-driven, high-spend approach is failing, with the cost of basic essentials rising for people the length and breadth of Wales.
“Only the Welsh Conservatives have a plan to put more money in Welsh people’s pockets. We would drive out Welsh Government inefficiency and waste to deliver a £450 tax cut for the average working family.”
