Inflation

Despite falling petrol prices having a positive effect on inflation, the consumer price index (CPI) unexpectedly jumped 0.3% to 10.4%.

Inflation has reached 11.1%, a 41-year high, the newest figures from the Office for National Statistics (ONS) shows. A jump in energy costs, despite the Energy Price Guarantee (EPG), and rising food prices, which rose by 16.4% — the biggest annual increase since 1977 — pushed C

The consumer price index rose marginally in September with inflation having reached 10.1% as the fall in fuel prices was largely offset by the rising cost of food. The current inflation rate is the highest in 40 years. Multiple U-turns on fiscal policy from the UK government have left experts uncert

Deloitte's Q3 UK CFO Survey has shown that CFOs view credit as being more costly than at any time since 2010 with over half (56%) rating credit as costly while over a third of finance leaders (39%) note that new credit is not easily available. The financial market impact of the government’s mi

The Office for National Statistics (ONS) has reported a fall in retails sales volume of 1.6% for August continuing a downward trend since summer 2021 and significantly worse than expectations. This follows the lifting of restrictions on hospitality which has likely caused a shift in where consu

As the the recent increases in petrol prices slightly unwound, the Consumer Price Index (CPI) recorded a 0.2% drop in inflation for August, bringing inflation to just below 10% at 9.9%. The drop was largely influenced by a 6.8% month-to-month fall in petrol prices, but at the same time food prices r

New research predicts that the economy will go into recession before the end of the year, lasting until 2024, and that inflation could double, reaching a peak of 22.4% early next year. The research from American investment bank, Goldman Sachs, has projected higher inflation levels than Citi bank's f

The Consumer Prices Index has risen to 10.1% in the 12 months to July, the highest it has been since 1982. A 0.6% increase from 9.4% in June, now the highest level of inflation in 40 years, has surpassed economists' forecasts of 9.8%, worsening the cost of living crisis. Some experts speculate the B

Drivers in Scotland face the highest increase to car insurance prices with an increase of 8.4 per cent as the average yearly premium reaches £580.

With inflation having reached a 40-year high, fears of a recession have been all but confirmed, according to KPMG's latest UK economic outlook report.