Surprise fall in inflation paves way for interest rate cuts
To try to slow price rises, the Bank increased rates to encourage people to spend less, and bring inflation down. While the rate has dropped, falling inflation does not mean the goods and services are coming down in price overall, it is just that they are rising at a slower pace.
Coke and refined petroleum products made the largest contribution to the change in the annual inflation rate in September ...
This month's inflation rate is also normally used to set April's increase in benefits including jobseeker's allowance, ...
Inflation in the U.K. has fallen to its lowest level in more than three years, a drop that has cemented market expectations ...
Producer price inflation, UK Bulletin | Released 16 October 2024 Changes in the prices of goods bought and sold by UK manufacturers, including price indices of materials and fuels purchased (input ...
Rampant inflation over the past few years has meant that increases in everyday costs have rapidly outpaced incomes. While ...
British inflation fell more than expected to an annual rate of 1.7% in September from 2.2% in August, official figures showed on Wednesday.
Lower inflation could also lead to interest rate reductions, which could be positive for Chancellor Rachel Reeves in ...
The Consumer Price Index (CPI) is the main measure of inflation and this shows how the prices of goods and services have changed over time - here is what it means for you ...
The slowdown in consumer price increases comes as the European Central Bank is expected to cut interest rates.
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