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The rate of price rises in the UK is likely to have increased last month, as a hike in tobacco duty and petrol costs drove inflation higher. The Office for National Statistics (ONS) will announce ...
The average UK household can expect a yearly increase of nearly £270 to household bills, latest figures show, as 2025 looks set to be difficult year for personal finances. Kicking off with the 1 ...
The Office for National Statistics said higher domestic energy bills pushed up consumer price inflation up to 2.3% in the year to October from the three-year low of 1.7% recorded the previous month.
The rate of consumer price index (CPI) inflation rose to 2.6 per cent in November, its highest level since March and the second monthly increase, while the Bank of England held interest rates at 4 ...
Economic growth of 1.8% was predicted for 2024, rising to 2.5% in 2025 then falling slightly to 2.1% in 2026. The UK's rate of inflation was predicted to fall to 2.9% by the end of 2023, down from 10.7% in the final three months of 2022, while underlying debt was forecast to be 92.4% of GDP in 2023, rising to 93.7% in 2024.
The Bank of England warned that inflation could rise higher than its new forecast that Rachel Reeves’ Budget would push inflation up by 0.5 per cent in 2026 if prices are passed on to consumers.
The rate of consumer price index (CPI) inflation rose to 2.6 per cent in November, its highest level since March and the second monthly increase, while the Bank of England held interest rates at 4 ...
It said stubbornly high inflation in the crucial services sector, which accounts for around 80% of the U.K. economy, and an increase in fuel prices was largely behind the overall increase.