All news on the topic: Inflation

538
Bank of England keeps rates at 16-year high before UK election
The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% at its last meeting before July 4’s UK election, but the prospect of a future rate cut moved closer as some policymakers said their thinking was now "finely balanced".
583
UK achieves 2 percent inflation target
The metric bolsters a beleaguered Conservative party that had made inflation a central issue ahead of the July 4 election.
417
UK inflation falls by less than expected to 2.3%, reducing chance of June rate cut
Drop in April is smaller than forecast but level is still lowest in almost three years
367
UK economy emerges strongly from recession
The 0.6 percent growth was stronger than analysts had expected.
369
Bank of England leaves key interest rate at 5.25 percent
Governor Andrew Bailey opens the door to a first rate cut in June, but warns it’s “not a fait accompli”.
393
Brexit border checks to ’add billions’ to consumer bills
Post-Brexit checks will add more than £330m to annual business costs and 0.2% to food inflation over three years, the government admitted.
472
Andy Beckett: The cost of living crisis has made the UK a poorer, more anxious nation – and worse is yet to come
Instead of buy-one-get-one-free offers, everyday life now involves carefully comparing prices and feeling increasingly powerless
400
UK inflation has decreased by a smaller margin than anticipated, reaching 3.2%, which dampens hopes for a rate cut
Predictions for when Bank of England will start lowering cost of borrowing pushed back
380
The implementation of new Brexit checks is projected to cost UK businesses £2 billion and could contribute to fueling inflation
Additional measures from 30 April for imported animal and plant products could hike costs by 10% in first year, says Allianz Trade
396
Asda slips from top spot for cheap fuel prices as it rakes in bigger profits
A senior industry source said Asda deliberately undercut rivals by at least 1p on fuel to lure shoppers in
553
Food inflation drops to lowest level in two years – but chocolate hits record high just before Easter
Plus two high street giants are cutting down their number of stores
397
Bank of England set to kick off cyber ‘stress test’ of UK’s financial system within days
A major attack on a European financial services payments system could lead to losses of £762billion, according to Lloyds of London
334
Metro Bank ending seven-day operation that set it apart from rivals — with 1,000 jobs slashed
Half of its 76 branches will also be shut on Saturdays as it looks to save £50million
907
JD.com walks away from Currys takeover talks ending prospects of bidding battle
The Chinese online retailing giant said it did not intend on making an offer to buy the retailer
1100
Deliveroo boss says 'weight of inflation' is easing after takeaway costs soared
Will Shu, the platform's founder and chief executive, said some consumers started viewing food delivery as non-essential when the cost-of-living crisis worsened
668
Savills profits tumble as 'extremely subdued' global property market takes toll
The estate agency said it had been hit by the lowest levels of sales volumes in real estate markets for a decade, as well as restructuring costs
528
Online grocery prices were '1.2% cheaper than a year ago', according to new data
Consumers spent £1.38 billion through buy now, pay later services last month the figures show, representing 15.6% of total spending
534
Food labelling to be made clearer to help shoppers buy 'high quality' produce
The plans will also help consumers make buying decisions that 'align with their values'
1069
Vinyl back in basket of goods used to measure inflation, but hand sanitiser out
The Office for National Statistics has removed a number of items from the list of goods and services it uses to measure inflation
736
Holiday hotspot locals blast Brit tourists and claim home is 'on the brink'
Tenerife, the largest island in the Canary Islands, has seen a huge influx of tourists since the coronavirus pandemic, but locals complain about bad behaviour, inflation and low salaries
835
Recruiters Page Group and Robert Walters reduce headcount as markets cool
Robert Walters revealed that its staff numbers fell by 9% to 3,980 at the end of December, while Page's dropped by 15.7% to 7,859
1075
Egypt floats currency and agrees with IMF to increase bailout loan to $8bn
This move is aimed at strengthening an economy that's been hit by a severe shortage of foreign currency and skyrocketing inflation
1204
European Central Bank unlikely to cut interest rates as economy stalls
Europe's energy crisis sparked by Russia's war in Ukraine has eased and Inflation is down from its painful double-digit peak, but there likely won't be an interest rate cut at the European Central Bank's meeting
1011
Vimto-maker Nichols toasts 100th Ramadan with Middle East sales boost
The soft drinks company said its sales in the Middle East rose 10.3% last year, as it marked its 100th Ramadan