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I expect living prices to not fall at all
They are still going up, just not as sharply. Only remotely good news is that average wages are went up faster than inflation. Obviously is in unlikely to be of comfort if you are on min. wage or a government controlled sector.
https://www.bbc.co.uk/news/business-67402491
hope to see that in the US. two years about 10% while wage increase was 2%