In November 2024, the CPIH inflation rate of the United Kingdom was 3.5 percent, an increase on the previous month.
As of the fourth quarter of 2024, the CPIH index in the United Kingdom was 134.7 indicating that consumer goods and services had increased in price by 34.7 percent when compared with the baseline year of 2015.
LONDON, May 18 (Xinhua) -- Britain's Consumer Prices Index (CPI) rose by 9.0 percent in the 12 months to April 2022, the highest level since 1982, the British Office for National Statistics (ONS) said Wednesday. "Inflation rose steeply in April, driven by the sharp climb in electricity ...
LONDON, Jan. 17 (Xinhua) -- The United Kingdom's (UK) consumer price index (CPI) rose by 4 percent in the 12 months to December 2023, up from 3.9 percent in November, according to data released on Wednesday. This was the first inflation increase since February 2023, said the Office ...
Inflation coming in lower than expected could help the rate-setters at the Bank to lower interest rates faster or sooner. Because of high inflation, interest rates were brought up, making borrowing more expensive. At present investors expect the interest rate will be kept at 5% at the next ...
In its quarterly Inflation Report, the BoE said its central projection is for the annual CPI inflation rate to rise to 4.8 percent by the end of this year from the current 4.4 percent as food and energy costs continue to spiral. It then sees inflation dropping down to around 1.8 percent ...
Starting from 1 April 2025, the rates will be further adjusted annually based on the CPI.The current rate of 18p per litre will be recalibrated to £1.80 per 10 litres. The annual increase will be spread equally over the five-year period, translating to a 10p and 13p per 10 litres ...
Also, the 3.9 percent inflation rate is still almost double the Bank of England's 2 percent target. The bank expects the CPI to return to the 2 percent target by the end of 2025. The basic interest rate currently stands at a 15-year high of 5.25 percent, which was a result of 14 ...
Earnings growth also outstripped inflation by 3% over the same period, with CPI taken into account. Experts said the pick-up in wage growth reinforces expectations that the Bank will keep interest rates on hold at 4.75% when it next decides on Thursday, with wages rising and...
ONS analysis showed poorer households were facing greater rates of inflation because they spent a bigger proportion of their budgets on energy and food© ANDY RAIN/EPA-EFE/Shutterstock The core rate of CPI inflation, excluding energy and food prices, also exceeded expectations in July, rising by...