News | Latest Breaking News Stories & Headlines

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

The Bank of England has forecast that UK inflation would fall to a three-year low below 1.6% in the final quarter of this year

UK inflation falls to lowest level since 2016

Consumer prices in Britain rose last month at the slowest rate since December 2016, a pre-Brexit boost to the spending power of households who are also seeing the fastest wage growth in 11 years.

Business • 18 Sep 19

Today's inflation data might reassure the Bank of England that there is no urgency to raise interest rates

UK inflation falls to Bank of England target

The UK's inflation rate cooled in May and cost pressures in factories fell to a three-year low, according to data that might reassure the Bank of England that there is no urgency to raise interest rates.

Business • 19 Jun 19

The UK Consumer Prices Index, which measures the cost of a basket of goods, stood at 1.9% last month

UK annual inflation stable at 1.9% in March

UK annual inflation was unchanged in March, official data showed today, easing the pressure on the Bank of England to hike rates amid ongoing uncertainty over Brexit.

Business • 17 Apr 19

Houses prices in London fell by 1.6% in February, marking 11 months where prices have not risen

UK inflation ticks up, house prices in London slump

The UK's main inflation rate ticked up last month but stayed close to January's two-year low, helping consumers maintain their spending power even as Brexit remained uncertain.

Business • 20 Mar 19

Petrol prices dipped in the UK last month due to the falling cost of crude oil on world markets

UK annual inflation slows to 2.3% in November

UK annual inflation slowed in November, partly due to falling motor fuel prices, official data showed today.

Business • 19 Dec 18

UK consumer prices rose by 2.4% in October, the joint-lowest inflation rate since March 2017

UK inflation holds steady at 2.4% in October

British inflation unexpectedly held steady in October, according to data today that raises the prospect that the rate could return to target faster than the Bank of England expects.

Business • 14 Nov 18

UK inflation figures push sterling lower

Sterling eases after inflation falls more than forecast

Sterling weakened today after inflation fell more than expected in September, easing a squeeze on UK consumers, who are also seeing the strongest wage growth for workers in a decade.

Business • 17 Oct 18

Relief for UK consumers as inflation drops in September

UK inflation fell more than expected in September to a three-month low, offering some relief to consumers who have been squeezed financially since the Brexit vote.

Business • 17 Oct 18

UK consumer price inflation rose at an annual rate of 2.7% in August, new ONS figures show

UK inflation jumps unexpectedly to hit six-month high

UK inflation jumped unexpectedly to a six-month high in August, pushed up by bigger-than-usual seasonal increases in sea and air fares and higher theatre admission prices.

Business • 19 Sep 18

Overall consumer price inflation rose an annual rate of 2.5% in July after holding at 2.4% in each of the previous three months, the Office for National Statistics said

UK inflation rises for first time in 2018

Britain's inflation rate picked up for the first time this year in July, leaving many British households still feeling squeezed by prices that are still rising at about the same pace as their salaries.

Business • 15 Aug 18

UK's annual consumer price inflation was steady at 2.4% in June, the Office for National Statistics said

Tame UK inflation knocks BoE rate hike expectations

UK inflation unexpectedly held steady last month, denting market confidence about a Bank of England interest rate hike next month and sending sterling to a 10-month low against the dollar.

Business • 18 Jul 18

Annual UK consumer price inflation fell to 2.5% in March from 2.7% in February

UK inflation cools to one year low in March

UK inflation unexpectedly cooled to a one-year low in March, according to figures that may raise doubt over bets that the Bank of England will raise interest rates in May.

Business • 18 Apr 18

Bank of England keeps UK interest rates at 0.5%

The Bank of England kept rates steady today but two of its policymakers unexpectedly voted for an immediate rate rise, in a statement that will boost investors' confidence that borrowing costs will rise in May.

Business • 22 Mar 18

The Bank of England believes inflation's upward march has run its course and will start to unwind in 2018

UK inflation falls to seven month low in February

Inflation in the UK has fallen to its lowest level since July last year, handing some relief to cash-squeezed households as the impact of the Brexit-hit pound starts to disappear.

Business • 20 Mar 18

The pound had skidded to a three-week low against the dollar on Friday

Sterling climbs after UK inflation beats expectations

Sterling strengthened today as data showed British inflation unexpectedly stayed close to its highest levels in six years in January.

Business • 13 Feb 18

Inflation has soared in Britain after the June 2016 decision by voters to leave the European Union

UK inflation sticks at near six year high in January

UK inflation unexpectedly held close to its highest level in nearly six years in January, highlighting the challenge facing the Bank of England and reinforcing expectations of a rise in interest rates in May.