Is the cost of living really falling?

Michelle McGagh
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If the figures are to be believed, we've all got more money in our pockets as wage inflation has finally run ahead of the cost of living: but all may not be as it seems.

Official figures should prompt families to breathe a sigh of relief, as strain on household budgets eases up. Wages were up 1.7% in February, but inflation has fallen for the sixth month in a row to 1.6%.