Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the increase in the cost of living over the past four years, and what steps they are taking to ensure those costs are manageable.

CPI inflation, which measures how the cost of goods and services change each year, has fallen from a high of 11.1% in October 2022, to 3.8% in July 2025.

The Bank of England has the responsibility of controlling inflation, and the Government fully supports them as they take action to sustainably return inflation to the 2% target.

The Government understands that the cost of living remains a challenge which is why, at the Budget in October 2024, we took significant steps to support households. These steps include increasing the National Living Wage, extending the Household Support Fund, raising working-age benefits, reducing the cap on Universal Credit deductions, and raising the Carer's Allowance weekly earnings limit.