Between September 2022 and March 2023, the UK experienced seven months of double-digit inflation, which peaked at 11.1 percent in October 2022. Due to this long period of high inflation, UK consumer prices have increased by over 20 percent in the last three years. As of the most recent ...
The tobacco price rises "were offset partially by falling food inflation, where prices still rose but at a much lower rate than this time last year," said Fitzner. "Meanwhile, the prices of goods leaving factories are little changed over the last few months, while the costs of raw materials...
The Office for National Statistics (ONS) said a slowdown in food prices was the main contributor to the decrease in headline inflation. The prices of food and non-alcoholic beverages increased by 4% over the 12 months to March, their weakest increase since November 2021. "Once again, food ...
U.S. stock futures and euro bourses were flat first thing, with banking news focussed on Treasury Secretary Janet Yellen's latest assurances overnight and further moves to shore up First Republic Bank - which is still in the crosshairs. Beyond the Fed, the dire UK inflation reading see...
Looking ahead, some economists believed Britain's inflation rate is likely to stay high, while others said inflation likely will edge down over the coming months. James Smith, an economist at ING Group, said while there are plenty of upside risks to Britain's inflation, he suspected April's...
The price of food in the U.K. rose at the fastest pace in 45 years last month, keeping inflation above 10% for a seventh straight month amid a cost-of-living crisis that has fueled a wave of strikes by government workers. The Office for National Statisti
Inflation remains in line with the Bank of England’s latest projections. 19 Feb 2025 News Deloitte appoints new Glasgow Senior Partner An audit partner at the firm since 2016, Mitchell has over 20 years of experience in professional services, with deep roots in the Scottish market, and...
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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.
Supply chain inflation over the past year has led to a big increase inwind turbine prices, while rising interest rates have pushed up financing costs. “There is a real jeopardy right now with that capacity [secured last year in the government auction],” said one person involved in the ind...