Browsing Category
Inflation
ONS: UK wages are not an unusually large driver of inflation
According to new research by the Office for National Statistics, rising salaries do not contribute to UK inflation more than usual. This could allay fears of a spiraling wage-price.
A measure of domestic price increased by 7.9% in the year…
BOE’s Catherine Mann calls for an ‘aggressive’ policy to combat inflation
Catherine Mann, a Bank of England policymaker, has expressed concern that the prolonged period of inflation above target could fuel future expectations of price increases.
Mann, speaking at the National Association for Business Economics…
Oil prices are surging, causing a ‘third wave’ of inflation.
Economists warn that a third wave of inflation could be on the way after oil price spiked in response to Hamas's deadly attacks against Israel.
Brent crude prices rose up to 5pc Monday, hitting $89 per barrel on fears that the war…
Grocers are driving down the UK food inflation rate
A new survey shows that food prices have dropped for the first two years, amid fierce competition between supermarkets.
According to the British Retail Consortium's and NielsenIQ's latest Shop Prices Index, the monthly grocery inflation…
Investors reduce bets after UK inflation drops to 6.7%
UK prices rose less than expected in August, lowering the annual rate of inflation to 6.7 per cent and putting pressure on the Bank of England to pause its long run of interest rate rises on Thursday.
The Office for National Statistics'…
Hamptons rents are soaring as high interest rates keep buyers away
Rents in Britain are at their highest level ever as interest rates rise, driving away potential buyers.
According to Hamptons, the average monthly rental cost is 12 percent higher than it was at this time last. It has risen by £140, to…
Andy Haldane: The’sandwich generation” is responsible for Britain’s crisis of…
Andy Haldane warns about the pressures of long term sickness on middle aged workers
Former Bank of England chief economist, David Lewis, said that Britain's "sandwich" generation is forced to pay for the inactivity of older and…
US inflation increases in August due to higher petrol prices
The Federal Reserve is struggling to control prices as rising energy costs have pushed US inflation to levels above expectations in August.
According to Bureau of Labor Statistics figures released on Wednesday, consumer prices increased…
Recep Tayyip Erdogan has abandoned cheap money in order to combat Turkey’s rising inflation
Turkish president Recep Tayyip Erdogan has abandoned his life-long hostility to interest rate rises, vowing to use "tight monetary policy" to cool rampant price growth as his government acknowledged inflation would reach 65 per cent by the…
France accuses Unilever of refusing price reductions
Unilever Nestle Pepsico have been accused by the government of Emmanuel Macron for refusing to pass on lower prices to families, as Paris struggles to control food inflation that is double digits.
Bruno Le Maire, France’s Finance…
The UK is once again plagued by’stagflation
A think tank warned that the UK economy suffers from a "British Disease" of 1970s style, which means inflation won't fall to Bank of England target of 2 percent until 2027.
The National Institute of Economic and Social Research said that…
Consumer borrowing reaches a five-year high, as inflation reduces earnings
Last month, families took on more debt than they had since 2018. Rising costs have put increasing pressure on household finances.
According to the Bank of England consumer credit increased by PS1.7bn in a single month as consumers…