The answer is pretty simple. You already know inflation is always there (practically speaking). That the cost of things keeps rising. The Cost Inflation Index is calculated to adjust and match the prices to the inflation rate, and more importantly for calculating the estimated increase in the p...
During the year Sterling strengthened against the US Dollar, ending the year 9.7% stronger at £1 = $1.34 (2023: £1 = $1.22); the average Sterling/US Dollar exchange rate for the year was 3.3% stronger compared with the prior year. The overall impact in 2024 of the transactional fo...