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The Bank of England has increased UK interest rates from 0.1% to 0.25% today

Bank of England ups rates as inflation pressures mount

The Bank of England today became the world's first major central bank to raise borrowing costs since the coronavirus pandemic hammered the global economy last year, as it said inflation was set to hit 6% in April, three times its target level.

Business • 16 Dec 21

UK inflation has hit its highest rate since 2011

UK inflation jumps to 10 year high of 5.1%

British consumer price inflation surged to an annual rate of 5.1% in November, its highest since September 2011, up from 4.2% in October, official figures showed today, in news likely to unsettle the Bank of England.

Business • 15 Dec 21

A delay in the approval process for a major new pipeline from Russia has sent European gas prices higher

European gas prices surge on Russian pipeline setbacks

European gas prices surged again today after a delay in the approval process for a major new pipeline from Russia, which German government sources said might not now be commissioned until March next year.

Business • 17 Nov 21

UK consumer prices rose by 4.2% in annual terms last month

UK inflation hits 10-year high in October

British inflation surged to a 10-year high last month, according to data today that will bolster expectations that the Bank of England will raise interest rates next month.

Business • 17 Nov 21

UK consumer prices rose 3.1% in annual terms in September, slowing from 3.2% in August, ONS figures show

UK inflation declines unexpectedly in September

British inflation slowed unexpectedly last month but the decline was probably only a temporary respite for consumers and is unlikely to deter the Bank of England from raising interest rates, possibly as soon as next month.

Business • 20 Oct 21

The 'Eat Out to Help Out' scheme was the biggest factor behind the rise in UK inflation this year

UK inflation rockets to 3.2% in biggest jump on record

British inflation hit a more than nine-year high last month after the biggest monthly jump in the annual rate in at least 24 years, official data showed today.

Business • 15 Sep 21

The Bank of England has said inflation will peak above 3% as Britain bounces back from its coronavirus lockdowns

UK inflation jumps to 2.5% in June

British inflation rose further above the Bank of England's target in June when it hit 2.5%, up from 2.1% in May, official data showed today.

Business • 14 Jul 21

No interest rate changes from Bank of England today

Bank of England sees inflation peaking at over 3%

The Bank of England increased its forecast for inflation to rise further above its 2% target, saying it was now likely to peak above 3% but that would only be for a "temporary period" and it would keep a close eye on medium-term inflation expectations.

Business • 24 Jun 21

UK consumer price inflation jumped to 2.1% in May from 1.5% in April, new figures show today

UK inflation rises above Bank of England target in May

British consumer price inflation jumped to 2.1% in May, above the Bank of England's 2% target and its highest since July 2019, official figures showed today.

Business • 16 Jun 21

UK consumer price inflation jumped to 1.5% in April from 0.7% in March

UK inflation more than doubles to 1.5% in April

UK consumer price inflation more than doubled in April to stand at 1.5%, up from 0.7% in March, official figures showed today.

Business • 19 May 21

UK consumer price inflation rose to 0.7% in March from 0.4% the previous month

UK inflation rises to 0.7% in March

British consumer price inflation rose to 0.7% in March from 0.4% in February, reflecting higher fuel and clothing prices, official figures showed today.

Business • 21 Apr 21

UK clothing and footwear prices fell between January and February for the first time since 2007

UK inflation rate unexpectedly drops in February

UK inflation unexpectedly fell last month, reflecting the biggest annual drop in clothing prices since 2009 and cheaper second-hand cars, toys and computer games

Business • 24 Mar 21

UK consumer prices rose 0.7% in annual terms after a 0.6% increase in December, the Office for National Statistics said today

UK inflation rises to three month high of 0.7% - ONS

British inflation rose a little more than expected in January as the country went back into a coronavirus lockdown, pushed up by higher food prices and less discounting of household goods such as sofas, official data showed today.

Business • 17 Feb 21

UK consumer prices rose 0.6% in annual terms in December, the Office for National Statistics said

UK inflation up on travel costs in December

British inflation gathered speed in December as a temporary easing of Covid-19 travel restrictions helped to push up air and sea fares and a rise in global oil prices made fuel more expensive, official data showed today.

Business • 20 Jan 21

UK consumer prices rose 0.3% in annual terms in November after a 0.7% rise in October

Black Friday sales help to drive down UK inflation

British inflation fell by much more than expected in November, possibly reflecting Black Friday discounts as clothing and footwear prices dropped sharply, official data showed today.

Business • 16 Dec 20

UK consumer prices rose 0.7% in annual terms in October, after a 0.5% rise in September, new figures show

UK inflation up more than expected in October

British inflation picked up by a little more than expected in October, pushed higher by prices for clothing and footwear and food as coronavirus restrictions tightened in much of the country, official data showed today.

Business • 18 Nov 20

Subsidies for people eating out last month helped push down the UK's headline inflation rate

UK inflation falls but by less than expected in August

The UK's restaurant subsidy scheme to support the hospitality sector through the Covid-19 pandemic helped to push the country's inflation rate down to its lowest rate in almost five years, official data showed today.

Business • 16 Sep 20

The rate of consumer price index inflation in the UK rose to 1% in July from 0.6% in June

UK inflation jumps unexpectedly in July to 1%

British inflation jumped unexpectedly last month to its highest rate since March, as clothing stores refrained from their usual summer discounts as they reopened after the coronavirus lockdown, official data showed today.

Business • 19 Aug 20

June saw rising prices for in-demand computer consoles during the coronavirus lockdown

Lockdown computer gaming helps fuel UK inflation rise

British inflation rose unexpectedly last month, spurred by rising prices for in-demand computer consoles during the coronavirus lockdown, as well as clothing, official data showed today.

Business • 15 Jul 20

UK consumer price inflation slowed to 0.5% from April's 0.8%, new ONS figures show

UK inflation drops to 4-year low as oil prices slump

British inflation fell to its lowest level since June 2016 last month as the coronavirus pandemic sucked demand from the global economy and caused oil prices to tumble.

Business • 17 Jun 20

ONS price collectors had difficulties gathering prices of flour, pasta and eggs which have been in high demand among shoppers stocking up on food

UK inflation falls as shoppers turn cautious in crisis

The UK inflation rate dropped in March when oil prices tumbled and the coronavirus crisis escalated, official data showed today, with a fall in clothing and footwear prices signalling how cautious shoppers were turning.

Business • 22 Apr 20

Prices at the pump push UK inflation figures lower in February

UK inflation slows on falling petrol prices

British inflation fell in February, before the coronavirus crisis hit the country, and economists predict a further sharp fall in the next couple of months due to the collapse in global oil prices caused by the pandemic.

Business • 25 Mar 20

UK consumer prices rose by 1.3% in annual terms in December compared with 1.5% in November

UK inflation hits more than three-year low

UK inflation sank unexpectedly to a more than three-year low in December as hotels slashed prices, ramping up expectations that the Bank of England will cut interest rates as soon as this month.

Business • 15 Jan 20

UK annual inflation dropped to a near three-year low of 1.5% in October, new ONS figures show

UK inflation falls faster than expected in October

UK annual inflation dropped faster than expected in October to a near three-year low at 1.5% as lower energy prices offset rising prices for clothes, official data showed today.

Business • 13 Nov 19

Today's figures suggest the Bank of England's forecast that inflation would average 1.6% in the final quarter of 2019 looks on track

Falling petrol prices keep lid on UK inflation - ONS

Britain's inflation rate failed to rise as expected last month as petrol prices fell at the fastest rate in more than three years, a boost to consumers ahead of Brexit.

Business • 16 Oct 19

Uk Inflation