Inflation

UK inflation climbed to 3% in January, exceeding forecasts and presenting a challenge for the Bank of England (BoE). The Office for National Statistics reported the annual rate of price growth was up from 2.5% in December and higher than the 2.8% predicted by economists polled by Reuters. This figur

UK inflation unexpectedly dropped to 2.5% in December, down from 2.6% in November, boosting prospects for an interest rate cut by the Bank of England next month. The decline, driven by lower hotel and tobacco prices, surprised City economists who had anticipated unchanged inflation figures.

The UK's CPI inflation rose to 2.3% in October, exceeding economists' predictions of 2.2% and putting pressure on the Bank of England to postpone further interest rate cuts. The Office for National Statistics (ONS) attributed the increase primarily to higher energy bills, offsetting lower oil prices

UK inflation fell to 1.7% in September, dropping below the Bank of England's 2% target for the first time since April 2021. This was driven by lower fuel prices and base effects from an unusually strong September 2023. However, economists expect inflation to rebound in October as energy prices rise

UK inflation has remained flat at 2.2% in August, despite a significant surge in airfares. The Office for National Statistics (ONS) reported that lower fuel prices and slower increases in restaurant costs offset the rise in flight costs. This news comes as the Bank of England is expected to maintain

UK CPI ticked up to 2.2% in July, driven by energy base effects that outweighed a slowdown in services inflation. Analysts anticipate further gradual increases in inflation through the second half of 2024. Peter Arnold, EY UK chief economist, said: "A smaller drag from the energy category added

UK consumer price index (CPI) inflation held steady at 2% in June, slightly above expectations.

UK consumer price index (CPI) inflation fell to the Bank of England’s 2% target in May, driven by lower food and core inflation.

UK Inflation has dropped to 2.3% in April, marking its lowest level in nearly three years.

March saw a slight slowdown in the UK's inflation, but it fell short of economists' expectations, reducing the likelihood of the Bank of England's interest rate cuts, experts have commented.

The UK's Consumer Price Index (CPI) inflation has remained unchanged at 4% in January.

UK inflation experienced an 0.1% increase in December, breaking a 10-month streak of decline. Consumer prices rose at an annual rate of 4%, surpassing both the previous month's figure of 3.9% and economists' expectations of 3.8%, according to the Office for National Statistics (ONS).

The UK's inflation rate has dipped to a two-year low of 4.6%, signalling a favourable turn in the country's economic landscape.

Amidst anticipations of a rise following an upturn in petrol prices and a hike in alcohol duties in August, the Consumer Price Index (CPI) inflation has surprisingly decreased to 6.7%. This unexpected downturn was accentuated by significant reductions in core and services inflation, hinting that the

A significant drop in inflation was recorded for July, with the Consumer Price Index (CPI) having decreased from 7.9% to 6.8%. The drop is in line with the Bank of England's projections and was expected, particularly in light of the preceding month’s energy bill cut. Nevertheless, core inflati