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UK inflation rises to 3.8% in July, ONS says

British inflation hit its highest in 18 months in July when it increased to 3.8% from 3.6% in June, official data showed today, once again leaving the country with the biggest price growth problem amongst the world's big rich economies.

Business • 20 Aug

UK inflation rises to highest level since January 2024

Britain's annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6% in June, potentially making it a tougher call for the Bank of England to cut interest rates next month.

Business • 16 Jul

UK inflation slows in May but food prices jump - ONS

British inflation slowed as expected in May, pulled down by air fares which leapt in April and the correction of a tax data error, although food prices shot up at the fastest rate in more than a year.

Business • 18 Jun

UK inflation jumped to a higher-than-expected annual rate of 3.5% in April from 2.6% in March

UK inflation jumps to higher-than-expected 3.5%, ONS says

Britain suffered a bigger-than-expected inflation surge in April, including in areas watched closely by the Bank of England which investors now believe will have to slow its already gradual pace of interest rate cuts.

Business • 21 May

Despite a slowdown in price growth from levels above 11% in 2022, UK inflation continues to be a concern for consumers

UK inflation slows to 2.6% in March, ONS says

British inflation slowed to its weakest in three months in March and other measures watched by the Bank of England cooled too, but higher bills and employer costs will pressure prices soon against the backdrop of US President Donald Trump's trade war.

Business • 16 Apr

UK inflation slowed to an annual rate of 2.8% in February from 3% in January, new figures show today

UK inflation cools more than expected in February - ONS

British inflation slowed more than expected in February, bringing some relief to consumers ahead of a likely new pick-up in price growth and to finance minister Rachel Reeves before her budget update speech later today.

Business • 26 Mar

British inflation sped up to an annual rate of 3% in January from 2.5% in December

UK inflation increases to 3% in January - ONS

British inflation sped up by more than expected to hit a 10-month high of 3.0% in January and is likely to rise further soon, testing the Bank of England's confidence that price pressures will ease over the longer term.

Business • 19 Feb

The UK annual inflation rate fell to 2.5% last month, new figues show today

UK annual inflation dips to 2.5% in December

British inflation unexpectedly slowed last month and core measures of price growth - tracked by the Bank of England - fell more sharply, according to data that will be welcomed by finance minister Rachel Reeves after recent a market selloff.

Business • 15 Jan

UK consumer prices rose by an annual 2.6% in November, up from an increase of 2.3% in October and moving further away from September's 1.7% rise, new figures show today

UK inflation hits 2.6% in November - ONS

British inflation rose to its highest in eight months in November but an underlying measure of price growth watched closely by the Bank of England held steady, offering the central bank a little bit of relief.

Business • 18 Dec 24

A rise in UK regulated domestic energy prices added to overall price growth in October, new figures show today

UK inflation up more than expected to 2.3% in October

British inflation rose to an annual rate of 2.3% in October from 1.7% in September, official figures showed today.

Business • 20 Nov 24

British inflation fell to an annual rate of 1.7% in September from 2.2% in August, new figures show today

UK inflation falls more than expected to 1.7%

British inflation dropped sharply in September and key price gauges watched by the Bank of England also fell, bolstering bets on an interest rate cut next month and helping finance minister Rachel Reeves before her first budget.

Business • 16 Oct 24

Bank of England Governor Andrew Bailey said he was 'very encouraged' by the downward path of UK inflation

BoE's Bailey says interest rates gradually heading down

The Bank of England should be able to lower interest rates gradually as it gains confidence that inflation will remain close to its 2% target, Governor Andrew Bailey said in an interview published today.

Business • 24 Sep 24

British inflation stood at an annual rate of 2.2% in August, unchanged from July, new figures show today

UK inflation holds at 2.2% as BoE considers rates

British inflation held steady in August but rose in the services sector which is closely watched by the Bank of England, data showed today, adding to bets in financial markets that the central bank will keep interest rates on hold tomorrow.

Business • 18 Sep 24

UK inflation had hit 2% in May - the first time it had hit the Bank of England's target in nearly three years

UK inflation holds at 2% amid underlying price pressures

British inflation held at 2% last month, defying forecasts for a slight fall, and underlying price pressures persisted, maintaining uncertainty about the date of the Bank of England's first interest rate cut since 2020.

Business • 17 Jul 24

UK inflation returned to its 2% target in May for the first time in nearly three years

UK inflation returns to target for first time since 2021

British inflation returned to its 2% target in May for the first time in nearly three years, official figures showed today, as the economic effect of the Covid-19 pandemic and Russia's full-scale invasion of Ukraine faded.

Business • 19 Jun 24

UK consumer prices rose by an annual 2.3%, down from a 3.2% increase in March and its lowest since July 2021 when it stood at 2%

UK inflation falls less than expected, dashing rate hopes

Inflation in Britain fell by less than expected in April and a key core measure barely dropped, prompting investors to pull bets on a rate cut next month which could have boosted embattled Prime Minister Rishi Sunak before an election this year.

Business • 22 May 24

UK inflation slowed by less than expected to 3.2% in annual terms in March, down from a 3.4% increase in February

UK inflation rate slows to 3.2% in March

British consumer price inflation slowed by less than expected to a two-and-a-half-year low of 3.2% in annual terms in March, down from a 3.4% increase in February, the Office for National Statistics said today.

Business • 17 Apr 24

UK consumer prices rose by a slightly weaker-than-expected 3.4% in annual terms in February

UK inflation fall paves way for Bank of England rate cuts

British consumer prices rose by a slightly weaker-than-expected 3.4% in annual terms in February, slowing from a 4% increase in January, the Office for National Statistics said today.

Business • 20 Mar 24

BoE's Bailey 'comfortable' that markets expect rate cuts

Bank of England Governor Andrew Bailey said today he was comfortable with investors betting on interest rate cuts this year but pointed to signs that Britain's economy was picking up after falling into recession in late 2023.

Business • 20 Feb 24

UK consumer price inflation stood at an annual rate of 4% in January, new figures show today

UK inflation unchanged at 4% in January

British consumer price inflation unexpectedly held steady at an annual rate of 4% in January, defying forecasts for it to rise, official data showed in a boost for the Bank of England.

Business • 14 Feb 24

The UK annual rate of inflation rose for the first time in 10 months in December, increasing to 4% from a more-than-two-year low 3.9% in November

Tobacco duty behind surprise rise in UK inflation

Britain's annual rate of consumer price inflation rose for the first time in 10 months in December, increasing to 4% from a more-than-two-year low 3.9% in November, official figures unexpectedly showed today.

Business • 17 Jan 24

UK inflation sees surprise fall to 3.9% in November

UK inflation rate falls to lower than expected 3.9%

British inflation fell in November to its lowest rate in over two years, prompting investors to pile further into bets that the Bank of England will cut interest rates in the first half of next year.

Business • 20 Dec 23

The ONS said the increase in UK consumer prices was the smallest since October 2021

UK inflation rate falls to lower-than-expected 4.6%

British inflation cooled by more than expected in October as household energy prices dropped from a year ago while stubbornly high services sector price growth also eased.

Business • 15 Nov 23

British consumer price inflation had hit a 41-year high of 11.1% in October 2022

UK inflation rate holds at 6.7% in September

British annual consumer price inflation was unchanged at 6.7% in September holding at August's 18-month low, official data showed today.

Business • 18 Oct 23

UK inflation unexpectedly fell to 6.7% in August, new ONS figures show

UK inflation rate unexpectedly falls to 6.7% in August

British annual consumer price inflation (CPI) unexpectedly fell to 6.7% in August, official data showed today, a day before the Bank of England is expected to raise rates again.

Business • 20 Sep 23

Uk Inflation