The rate of inflation in NI was significantly below the UK average for much of 2023, data suggests.
The differences are largely explained by differences in home heating between NI and the rest of the UK
The position has reversed since October with the Northern Ireland rate trending above the UK average. "Gas and other fuels had a stronger downward effect on UK annual inflation since October 2023 than Northern Ireland is experiencing." It assigns weighting to the items in the basket, which reflects the amount households spend on each good or service compared with their total consumption.
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