Inflation

The introduction of new border checks on EU goods in April entering the UK could lead to further spikes in UK grocery inflation.

Jastine Beatrice Yap Jan 02, 2024

The average annual household energy bill has risen by £94 to £1,928 during the coldest months of 2024.

Jastine Beatrice Yap Jan 02, 2024

The Liberal Democrats have decried this exponential rise in parking costs as a "tax on caring" and have criticised the government for falling short of its 2019 manifesto promise.

Pragati Singh Dec 28, 2023

Projections released by Think Tank suggest that consumers are likely to maintain a cautious approach to spending in the initial months of 2024.

Jastine Beatrice Yap Dec 27, 2023

Jeremy Hunt says that wages will go up as prices go down next year after it was announced that the rate of inflation has decreased to 3.9 per cent.

Danielle Summer Dec 21, 2023

Consultancy firm Cornwall Insight says bills could drop by £268 a 16 per cent decrease – in line with the official price cap set by the UK's energy regulator Ofgem.

Callum Conway-Shaw Dec 20, 2023

Etsy, alongside Mattel and Hasbro, are experiencing decreased sales even during the Christmas season due to inflation.

Jastine Beatrice Yap Dec 15, 2023

The United Kingdom has witnessed a notable drop in the average cost of a two-year fixed-rate mortgage, falling below six per cent for the first time in nearly six months.

Pragati Singh Dec 11, 2023

The House of Lords Economic Affairs Committee released a report that critiques the Bank of England's scope of operation amidst the current cost of living crisis.

Pragati Singh Nov 30, 2023

The cost of living crisis has caused consumers to be more wary of buying non-essentials this Black Friday due to inflation after the pandemic.

Jastine Beatrice Yap Nov 27, 2023

The company's stock saw a sharp decline of six per cent, marking it as the top faller on the FTSE 100. The underlying issue, as Kingfisher explained, stemmed from ongoing weaknesses in their French market.

Pragati Singh Nov 22, 2023

In September, inflation stood at 6.7 per cent, as many people across the UK continue to struggle with the cost-of-living crisis.

Callum Conway-Shaw Nov 15, 2023

This optimistic forecast comes from George Weston, the CEO of Associated British Foods (ABF), a conglomerate that oversees brands like Kingsmill Bread, Twinings Tea and Silver Spoon Sugar, along with the Primark budget clothing chain.

Pragati Singh Nov 09, 2023

M&S has also declared its intention to distribute nearly £20 million to its shareholders in January, marking its first dividend payment since 2019.

Pragati Singh Nov 09, 2023

Savills, a fancy estate agency, says that the worst might be over, and house prices are expected to stop falling by next summer.

Pragati Singh Nov 09, 2023

This noteworthy reduction in grocery price inflation comes after a prolonged period of 16 months where double-digit growth had become the norm.

Pragati Singh Nov 08, 2023

UK retail sales growth declined in October as UK consumers are cautious of spending and saving for Christmas amidst the cost-of-living crisis which has sparked a recession for the UK economy.

Pratiti Nath Nov 08, 2023

Nine members of the Monetary Policy Committee (MPC) voted 6-3 in favour of maintaining the current rate, in a move that was widely anticipated.

Callum Conway-Shaw Nov 03, 2023

Data from Zoopla shows there has been a 23 per cent reduction in housing sales so far this year compared to the same time last year.

Callum Conway-Shaw Oct 30, 2023

The National Achievers Congress is here to empower you with the knowledge and tools you need to conquer this financial challenge.

Staff Reporter Oct 26, 2023

The preliminary reading of the S&P Global UK PMI for the services sector, often referred to as the "flash" PMI, fell to 49.2 in October from 49.3 in September.

Pragati Singh Oct 26, 2023

Approximately half a million employees employed by companies committed to the voluntary Real Living Wage are poised to experience a substantial increase in their earnings, bringing their minimum hourly wage to at least £12.

Pragati Singh Oct 26, 2023

CPI reported a year-on-year increase of 6.7 per cent, maintaining the same pace as the previous month, contrary to economists' predictions of a dip to 6.6 per cent.

Pragati Singh Oct 18, 2023

The figures show that between June and August of this year, wages rose at an annual rate of 7.8 per cent, higher than average inflation over the same three months.

Callum Conway-Shaw Oct 17, 2023

The latest sales-monitor report from the British Retail Consortium has revealed a slowdown in retail sales growth in the UK for September. Despite a fall in inflation, the high cost of living continues to place pressure on households' budgets.

Pragati Singh Oct 11, 2023

The decision to hold the rate comes after figures revealed an unexpected slowdown in inflation in August.

Callum Conway-Shaw Sep 21, 2023

Grocery price inflation has fallen to its lowest level for more than a year, causing major supermarkets to slash prices.

Callum Conway-Shaw Sep 14, 2023

Asian countries like India are resorting to high export duties on grain exports to contain global food inflation while the UK is reducing dependency on Ukraine.

Pratiti Nath Aug 30, 2023

Despite the cost of living crisis and rising inflation, Sainsbury's chief executive believes that supermarket prices are about to start falling.

Taylor J. Mustafa Aug 25, 2023

The last time rates were this high was in April 2008, in the midst of the global financial crash, with the UK's central bank expecting inflation to fall below five per cent in the autumn or winter.

Callum Conway-Shaw Aug 03, 2023