UK inflation slows to fresh two-year low at 3.9%: data
- 20-Dec-2023
LONDON: British inflation has slowed sharply to the lowest level in more than two years on falling petrol prices, official data showed Wednesday, easing a cost-of-living crisis after aggressive interest-rate hikes. The Consumer Prices Index hit 3.9 percent in November from 4.6 percent the previous month, touching a low last seen in September 2021, the […]
UK inflation in surprise drop to 18-month low
- 20-Sep-2023
LONDRES, United Kingdom: British inflation unexpectedly slowed in August, data showed Wednesday, hitting an 18-month low and sparking hope this week’s widely-forecast interest rate hike by the Bank of England could be its last for now. The Consumer Prices Index dropped slightly to 6.7 percent from 6.8 percent in July, the Office for National Statistics […]
High UK inflation piles pressure on Bank of England
- 21-Jun-2023
LONDON: Britain’s annual inflation rate unexpectedly remained at 8.7 percent in May, official data showed Wednesday, piling pressure on the Bank of England and government to act over soaring prices. Markets had forecast a drop from April’s level, while the BoE was already widely expected to raise interest rates again Thursday to combat an inflation […]
UK inflation holds above 10% on rampant food prices
- 19-Apr-2023
LONDON: UK inflation slowed last month but held above 10 percent on soaring food prices, official data showed Wednesday, further fuelling a cost-of-living crisis despite a series of aggressive interest-rate hikes. The Consumer Prices Index rose by a stronger-than-expected 10.1 percent in March from 10.4 percent in February, the Office for National Statistics (ONS) said […]
UK inflation slows in December but remains sky-high
- 18-Jan-2023
LONDON: UK annual inflation slowed to 10.5 percent in December, official data showed Wednesday, but remained close to historically high levels. The Consumer Prices Index (CPI) rate compared with 10.7 percent in November, the Office for National Statistics said in statement. “Inflation eased slightly in December, although still at a very high level, with overall […]
UK inflation slows to 10.7% in November: data
- 14-Dec-2022
LONDON: Britain’s inflation rate slowed to 10.7 percent in November from 11.1 percent in October, official data showed Wednesday, but remains near a 40-year high amid a cost-of-living crisis. The data was published on the eve of an interest rate decision from the Bank of England, which is widely expected to deliver the ninth hike […]
UK inflation accelerates to 11.1% in October
- 16-Nov-2022
LONDON: British inflation accelerated in October to the highest level for more than 40 years, driven by soaring domestic energy bills in a worsening cost-of-living crisis, official data showed Wednesday. The Consumer Prices Index hit 11.1 percent on an annual basis, up from 10.1 percent in September, the Office for National Statistics said in a […]
UK inflation hits new 40-year high on soaring food prices
- 17-Aug-2022
LONDON: British inflation surged to a new 40-year high in July on soaring food prices, official data showed Wednesday, adding to a cost-of-living crisis as the country faces the prospect of recession. The Consumer Prices Index (CPI) accelerated to 10.1 percent last month from 9.4 percent in June — itself a four-decade high — the […]