Inflation is an important measure of any country’s economy, and the Retail Price Index (RPI) is one of the most widely used indicators in the United Kingdom, with the rate expected to be 2.9 percent in 2024, compared with 9.7 percent in 2023. This followed 2022, when inflation reached ...
In December 2024, the inflation rate for input producer prices was -1.5 percent, and 0.1 percent for output producer prices.
Experts forecast a further 1% decline by the end of the year. The consumer prices index (CPI) has declined by 0.4% from 2.8% in May while retail prices index (RPI) has dropped to 2.8% in June. Markit's chief economist Chris Williamson states that lower inflation is necessary to reduce ...
Core inflation, excluding energy, food, alcohol and tobacco, came in at 3.5%, just under a Reuters forecast of 3.6%. Headline price rises hit a three-and-a-half year low of 1.7% in September, but was expected to tick higher in the following months, partly due to an increase in the ...
Hunt: Government will abolish 'non-dom' tax status Hunt announces that the government will abolish the non-domiciled tax status, implementing a long-standing policy priority for the main opposition Labour Party. Non-dom status enables someone who lives in the U.K. but is not set...
The OBR has also forecast that inflation will go back to a 2% target level within the next few months. This means that the key Conservative priorities of tackling inflation and growing the economy are going to be met in 2024. The chancellor also announced ...
All inflation calculations after 1988 use the Office for National Statistics' Consumer Price Index, except for the current year, which is based on The Bank of England's forecast. You may use the following MLA citation for this page: “UK Inflation Calculator: GBP from 1751 to 2025.” ...
The ECB will meet its inflation target in 2025, according to its quarterly survey of professional forecasters. The results come a day after the ECB held interest rates at 3.75%, without providing a clear signal of when it will next ease monetary policy. Market bets point toward two more cut...
Breaking news and top stories on UK inflation. In-depth analysis of the UK's inflation data and how inflation rates affect households, businesses and investors.
UK set to lag behind peers on growth and suffer ‘sticky’ inflation, says OECD Forecaster delivers downbeat outlook ahead of local elections in England April 16 2024 UK growth forecast downgraded by IMF GDP expected to increase by just 0.5% this year, the second-slowest rate in G7 after ...