| The annual inflation rate slowed to 7.3% in the year to June 2023, down from 7.9% in May and a peak of 9.6% in October 2022. However, wages are still failing to keep pace with inflation, with real terms total pay falling 1.2% in March to May 2023. And in response to the rising cost of living, almost half (47%) of adults in Great Britain are buying less food. | 