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The ONS said that Consumer Prices Index inflation stood at 3.4% in February, down from 4% in January and the lowest level since September 2021.
Some likely one-time price spikes pushed up overall inflation, with gas prices jumping 4.4% just in December. Prices at the pump have risen by much less since then, moving up 7 cents on Wednesday ...
In England, the average was £1,362 in November, up 9.3 per cent (£116) from a year earlier. The figures were released as the ONS said Consumer Prices Index (CPI) inflation rose to 2.6 per cent ...
Recently, progress on inflation appeared to be stuck or, at worst, reversing: A closely watched gauge of underlying price hikes — an index that excludes highly volatile categories — hadn’t ...
On a "core" basis, which eliminates the more volatile costs of food and gas, the December Consumer Price Index (CPI) climbed 0.2% over the prior month, a deceleration from November's 0.3% monthly ...
It was the UK's target rate of inflation from October 1992 to December 2003. From June 1997, the Bank of England was given the task of setting interest rates to meet an inflation target of 2.5 per cent on the RPIX measure. Mortgage interest payments were excluded from the inflation target because otherwise the Bank's behaviour would be distorted.
The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% last month from October, up from 0.3% the month before.
Each index initially opened in the green after investors were surprised by a cooler-than-expected producer price index report. Wholesale inflation increased 0.2% month-to-month in December, below ...