Credit, Collections & Insolvency News
Latest ONS data has found that inflation came in at 3.4% in February, well below the 4.0% reported in January. Economists had forecast a drop to 3.5%. The figures also showed that food inflation has fallen for the 11th consecutive month. Prices were up 0.6% in a month (compared to 1.1% a year earlier). Inflation…
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Latest data from the ONS has found that CPI inflation fell to 3.4 per cent in February, confirming the fastest 12-month fall in inflation since 1978 and bringing inflation to its lowest level since September 2021 Commenting on the inflation figures for February, David Cheadle, Chief Operating Officer at National Debtline, said “This fall in…
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Latest ONS data has found that inflation held steady at 4% year-on-year in January on the back of easing prices for furniture and household goods, food and non-alcoholic beverages. Month-on-month, the headline consumer price index fell to -0.6%, returning to negative territory after December’s surprise increase by 0.4% on the month and 4% annually. Economists…
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Latest data from the ONS showed annualised inflation remained at 4% in January, unchanged from December. Economists had predicted a small rise, however prices were down 0.6% in a month. The numbers are a long way from the peak at 11.1% in October last year, Commenting on the data Sarah Coles, Head of Personal Finance at…
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Two thirds of London businesses are concerned that inflation and high interest rates will dampen economic activity in the first half of 2024, according to a quarterly survey from the London Chambers of Commerce and Industry (LCCI). The survey also shows that a majority of those polled saw fuel and energy costs increase in Q4…
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Latest data from the Office of National Statistics, that showed the annual rate of CPI inflation increased from 3.9% in November to 4.0% in December 2023. Commenting on the inflation figures ONS Chief Economist Grant Fitzner said “The rate of inflation ticked up a little in December, with rises in tobacco prices due to recently…
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Latest Office for National Statistics (ONS) data showed that inflation increased to 4% in December up from to 3.9% in November. The rise in inflation is attributed to tobacco and alcohol prices increasing. These prices were up 12.9% in December compared to the month before, with tobacco prices rising due to recent tax hikes on…
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Latest Office for National Statistics (ONS) data showed that inflation was down to 3.9% in November, from 4.6% in October, the lowest rate since September 2021, the fall was largely thanks to declines in motor fuel prices and recreation costs and a slowdown in food and drink inflation. David Cheadle, Acting Chief Executive of the…
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UK inflation fell to 3.9% from 4.6% in October, the decline is abigger dip than expected, and inflation is now the lowest it’s been in more than two years according to the Office for National Statistics (ONS) data. ONS Chief Economist Grant Fitzner said “Inflation eased again to its lowest annual rate for over two…
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The average UK food bill has gone up by around £605 over the last two years, as climate and energy costs continue to hit shoppers in their pocket, according to new research for the Energy and Climate Intelligence Unit (ECIU). The report was carried out by researchers from the universities of Bournemouth, Exeter and Sheffield…
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UK inflation fell sharply in October to 4.6 per cent, its lowest rate in two years, down from 6.7 per cent the month before, according to the Office for National Statistics (ONS). Commenting on the date Andy Mielczarek, Founder and CEO of SmartSave, a Chetwood Financial company, said “Any drop in the rate of inflation…
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New research by Hargreaves Lansdown has found that 40% of people think the Bank of England is managing inflation badly, higher than at any other point this millennium. The research showed that 63% expect interest rates to rise over the next 12 months – up from 57% in May. 19% expect rates to remain the…
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Three in four brokers (75%) expect the Government to miss its target of halving inflation and expect inflation to remain above 5% at the end of the year according to research by iwoca. While inflation fell to 6.8% in July, core inflation remained flat at 6.9% and projections suggest August could see rates rise again.…
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