Inflation Dips Below 1% During December

The video discusses recent changes in fuel prices, highlighting how motorists are benefiting from lower petrol costs, with some stations selling below a pound per liter. Energy prices are also down, with Eon announcing a price cut, which helps consumers stay warmer in winter. Supermarket competition has led to reduced food prices, offering consumers better bargains. However, there is a risk of deflation as people delay purchases, hoping for further price drops. Overall, the current economic climate presents both challenges and opportunities for consumers.

What has been the effect of petrol prices dropping below a pound per liter at a station near Birmingham?

• Sales volumes have decreased.

• Sales volumes have doubled.

• The station has closed down.

• The station has increased its prices.

Which energy supplier recently announced a price cut?

• Scottish Power

• EDF Energy

• Eon

• British Gas

What has been the impact of supermarket competition on food prices?

• Food prices have decreased.

• Food prices have increased significantly.

• Food prices have become unpredictable.

• Food prices have remained stable.

What is the biggest risk mentioned in the context of current economic conditions?

• Stagflation

• Hyperinflation

• Inflation

• Deflation

How have consumers reacted to the recent changes in prices?

• They are buying more expensive brands.

• They are delaying purchases in hopes of further price drops.

• They are spending more on luxury items.

• They are unaffected by the changes.