UK inflation

According to new data, UK grocery inflation is at its lowest level in over a year. This is due to the falling price of locally grown food. The British Retail Consortium announced on Tuesday that the annual shop price -inflation rate…

A Bank of England rate-setter warned that Britain was slipping into a recession as official data indicated signs of a weakening labour market. Swati Dhingra said that there were "early indications" of a possible "over-tightening", as…

The owner of Boots is carving $1bn (£820m) of costs out of its business after a sales boost in the British pharmacy chain failed to buoy earnings as much as Wall Street expected. Walgreens Boots Alliance unveiled plans to lower its…

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…

After almost two years of increasing borrowing costs, the Bank of England is expected to lower UK mortgage rates further. Since the middle of the summer, mortgage prices are declining as the markets react to better-than-expected …

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'…

A monthly survey conducted by the Bank of England shows that UK businesses are expecting inflation and wage growth will ease. This is good news for policymakers as they prepare to make the decision on interest rates later in the month.…

Economists warn that a global recession is imminent as the rising interest rates and cost of living crisis are eating away at any remaining strength in the post-Covid recovery. The British economy has suffered its worst slump in over…

Inflation may be easing more quickly than first thought, the Office for National Statistics has found, providing a boost for Rishi Sunak, who has pledged to halve inflation by the end of the year. Calculations released on Monday by the…

Official data shows that the profitability of UK non-financial private companies has remained unchanged in the first quarter 2023. This suggests that higher corporate profit margins do not push up inflation. The Office for National…

Gas and electricity prices fell sharply in the UK in July, but price pressures at the base did not fall as predicted. This kept pressure on Bank of England to maintain high interest rates. Published on Tuesday by the Office for National…

Official figures show that UK wages increased at a much faster pace than anticipated and at an annual rate record in the three-month period ending June. These numbers are likely to confirm the Bank of England’s concern over inflationary…

This week, more than a dozen UK building societies and banks are expected to lower rates on fixed-rate mortgages. The move reflects market expectations of a falling inflation rate. Brokers do not expect dramatic price reductions, as the…

The CEO of John Lewis and Waitrose is looking to launch a service that allows customers to buy now and pay later , as middle-class consumers are being squeezed more by the rising cost of living. Nish Kankiwala is the new chief…

The monetary death marches continue. The fourteenth increase in interest rates by the Bank of England is unscientific and unnecessary. It also underestimates powerful global forces that are washing over these islands. It is pushing…

The era of cheap British food is over, according to economists. The Bank of England has warned that the inflation of grocery prices will continue in double-digits through the end of this year. Officials from the bank said that, while…

The UK's biggest asset manager is buying bonds and selling stocks in preparation for an "significant" downturn. He warns that the Bank of England may be forced to push the economy into recession despite signs of a cooling of inflation.…