Inflation

The surge in living costs across the United Kingdom has had an uneven impact on various segments of society, with mortgage holders and renters bearing the brunt of the inflation, according to data from the Office for National Statistics…

Labour's drive to make the UK an "island" of stability seems to have been perfectly timed. Rachel Reeves is promoting Britain as an investment destination that has recently become more stable. The new Chancellor will encourage…

The European Central Bank (ECB) is "very worried" that member states are not adhering to the fiscal rules of Brussels. This is because the bank fears it will be unable to use its emergency tool to prevent a French bond market crash after…

Bank of England Governor said that he expects "quite a fall" in the inflation rate to be around the 2 percent target level when the official figures are released on Tuesday. He also predicted that the central bank will cut interest rates in…

The Office for National Statistics will release its April inflation statistics on Wednesday. It is expected that the data will show prices rising at their lowest rate since summer of 2021. For economists a rate of inflation of around 2%…

The World Bank said that a serious increase in tensions in the Middle East could push the oil price to $100 (£80) per barrel, and reverse the recent decline in global inflation. The Washington-based organization said that the recent drop…

The Bank of England is more likely to delay cutting interest rates later in the year if inflation falls slower than expected. This is due, in part, to the higher fuel prices. According to the Office for National Statistics, the pace of…

Jeremy Hunt warned that the costs of welfare benefits were rising uncontrollably. He pledged to cut the welfare bill "further, faster and more dramatically". In an interview, the Chancellor said that he also wanted to reduce National…

Andrew Bailey said that UK Interest Rates will continue to fall over the next few months, amid fears that the US rate cut may be delayed due to stubborn inflation. The Bank of England Governor stated that he had "strong evidence" of…

After US inflation exceeded expectations, traders slashed their bets on Federal Reserve rate cuts Wednesday. Joe Biden also acknowledged that there was still "more to be done" in combating price increases. After official data revealed a…

Tories presided over the largest setback in records since beginning If the Conservatives are in power, the Institute of Fiscal Studies has warned that middle- and high-income households in Britain will experience the biggest decline in…

The UK's inflation rate fell to just 3.4% in the month of February, the lowest it has been for over two years. This is because the pace of annual price increases began to slow down again after having stagnated the previous months. The…

A top central banker warned that governments must stop "relentless borrowing" or they risk plunging into a global debt crisis. Agustin Carlstens, the head of the Bank for International Settlements (BIS), a global club for central bank…

The Bank of England governor has welcomed the "good news" about inflation but warned that it will not cut rates immediately if, as expected, prices fall to just 2 percent this spring. Andrew Bailey responded to figures that showed the…

Global investors expect falling prices in China to push down inflation rates worldwide this year, as excess capacity in its slowing economy prompts Chinese exporters to cut prices on goods they sell abroad. Prices of Chinese exports have…

The pace of inflation in China is the lowest since the financial crisis. This has led to concerns about the weakening demand in the second largest economy in the world. According to the National Bureau of Statistics, China's consumer…

Inflation in the UK will not return to levels seen before Russia's invasion of Ukraine because of rising wages, a senior executive at Associated British Foods has said. Eoin Tonge, finance director at the food-to-fashion group that owns…

Paul Smith's fashion company has warned about the impact of inflation after recording a fourth consecutive loss. The 77-year-old designer's firm said that sales in its global business increased by 7.7pc, to £212.5m, compared to a year…