The Office for National Statistics (ONS) has published its latest Consumer Prices Index, which shows the rate of inflation rose to 2.6 per cent in the 12 months to November. The announcement means that the inflation rate has increased for the second month in a row, rising at the fastest rate since March. Fuel and…
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Hargreaves Lansdown has predicted that inflation is likely to rise slightly when figures are released next week. Inflation is also expected to remain above target for a while yet with investors putting the chances of a rate cut at just 12% next week. Susannah Streeter, Head of Money and Markets at Hargreaves Lansdown said “Inflation…
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The Office for National Statistics (ONS) has published its latest Consumer Prices Index, which shows the rate of inflation rose to 2.3 per cent in the 12 months to October, up from 1.7 percent in September 2024. The increase showed that core Inflation (excluding food and energy) rose to 3.3%, up from 3.2% in September.…
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Latest figures from the Office for National Statistics (ONS) have shown inflation surged to 2.3% in October, up from the three year low of1.7% in September. The increase was driven largely by higher energy costs and increased housing costs. For a typical household, annual gas and electricity bills went up by about £149 last month…
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Inflation fell unexpectedly to 1.7 per cent in the year to September, the lowest rate in three-and-a-half years, according to the latest Office for National Statistics (ONS). However, households were hit by a jump in food and non-alcoholic drink inflation, with stronger price increases for milk, cheese, eggs and fruit. Lower airfares and petrol prices…
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Latest Office for National Statistics (ONS). data has shown that Inflation unexpectedly to 1.7 per cent in the year to September, the lowest rate in three-and-a-half years, Lower airfares and petrol prices were the main drivers behind the surprise slowdown. City Analysts had expected the rate to drop to 1.9 per cent, while the Bank…
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Nearly half (49%) of small businesses say they have not benefited from falling inflation this year, according to a new poll commissioned by iwoca. The research, which comes ahead of the ONS’s latest inflation statistics, also reveals that the cost of doing business is too high for half (50%) of the UK’s 5.6 million small and…
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Latest Office for National Statistics (ONS). data has shown that Inflation remained steady at 2.2 per cent in August, slightly above the Bank of England’s two per cent target. Rising airfares were balanced by lower fuel prices and a slowdown in restaurant price increases. The Bank of England is expected to keep interest rates at…
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Inflation in the UK remained unchanged at 2.2% in August, according to the Office for National Statistics (ONS), aligning with economists’ predictions. However, core inflation increased to 3.6%, up from 3.3% in July. The Bank of England, which recently cut rates for the first time since the pandemic, is expected to proceed cautiously due to…
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UK inflation rose to 2.2% in July 2024 from 2.0% in June however core inflation fell to 3.3% from 3.5% according to the Office of National Statistics. Food inflation has increased for the first time since March 2023, with analysis from Kantar showing supermarket prices up 1.8% in the four weeks to 4 August, up…
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The UK’s inflation rate has risen for the first time this year as annualised inflation came in at 2.2% in July, higher than the 2.0% reported in June. Core CPI (excluding energy, food, alcohol and tobacco) rose by 3.3% (down from 3.5%) and services inflation fell from 5.7% to 5.2%. Commenting on the inflation figures,…
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UK inflation held at two per cent in the year to June, unchanged from May, mostly driven by a rise in hotel and restaurant prices and a fall in clothing and shoes, according to the latest figures from the Office for National Statistics (ONS) Core inflation, which excludes the price of fuel and food, remained…
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Inflation held steady in June, with the latest figures from the Office for National Statistics (ONS) showing price growth remained at the Bank of England’s target rate of 2%. Commenting on the data, Matt Hartley, Director of Engagement at the Money Advice Trust, the charity that runs National Debtline, said “Millions of people are still…
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