Inflation, which measures the rate of price increases over time, remains above the Bank of England's 2% target.

Official statistics show that the rate of UK inflation has increased more than anticipated due to the increasing prices of food and fuel. The Office for National Statistics (ONS), which determines the ...

The United Kingdom’s inflation rate climbed to 3.8% in July, surpassing economic forecasts and raising questions about the Bank of England‘s next steps on interest rates. The Office for National ...

The Office for National Statistics (ONS) has confirmed that the Consumer Prices Index rose by 3.6% in the year to October, a fall from the three preceding months The Bank of England (BoE) had ...

The Bank of England has held interest rates at 3.75% - remaining at their lowest level since February 2023. The decision, by the Bank's Monetary Policy Committee, had been widely ...

Economists polled by Reuters had expected a rate of 3.6% in the twelve months to October, down from 3.8% in September. Core inflation, excluding energy, food, alcohol and tobacco, rose by 3.4% in the ...

Inflation is down from its peak, but prices still feel high. What caused the spike, are we near 2%, and what happens next?

LONDON (Reuters) -Britain's annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6% in June, official figures showed on Wednesday, slightly dampening ...

While a post-pandemic burst of inflation has abated across much of the developed world, the UK is still stuck with the highest price growth among big Western economies. Granted, consumer price ...

The consumer price index was unchanged in December, and the inflation rate for some consumer staples like food and ...