Inflation

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

The UK's inflation rate witnessed a greater-than-expected drop to 7.9% in June, a 13-month low, due to a decrease in petrol prices, as reported by the Office for National Statistics (ONS). This figure represents a noteworthy decline from May's 8.7% inflation rate, the weakest since the onset of the

April's UK inflation rate was reported at 8.7%, slightly higher than Bank of England's (BoE) forecast of 8.4%, but a drop from March's 10.1%. The deceleration in inflation was smaller than anticipated, leading to bond market sell-offs and mounting expectations for further interest rate hikes. The re

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