Category : Search result: inflation data


Tesco sales jump as grocery inflation persists

Britain's largest supermarket Tesco reports strong sales growth as consumers flock to value ranges, while Asda sees inflation ease but food prices remain high across UK supermarkets.

UK Wage Growth Beats Inflation for 7th Month

Official figures show regular pay rising at 6% annually as unemployment edges up, creating a complex picture for Bank of England policymakers ahead of next interest rate decision.

RBA Bets Against Rate Cut Despite Economic Signals

The Reserve Bank of Australia appears poised to pause interest rate cuts, signalling confidence in the economy despite contradictory data. Analysis suggests the RBA believes current conditions are stronger than indicators show.

HMRC Data Breach Exposes Thousands of Taxpayers' Details

A serious data breach at HM Revenue and Customs has compromised confidential information of thousands of taxpayers, sparking urgent investigations and raising serious questions about government data security protocols.

Australian inflation cools to two-year low of 3.6%

Australian inflation has cooled to its lowest level in over two years, offering a glimmer of hope for households battling the cost-of-living crisis. We break down what's getting cheaper and what's still burning a hole in your pocket.

Greggs & Pret Prices Soar Amid UK Food Inflation

New data reveals sharp price increases for UK lunchtime staples. Greggs sausage rolls and Pret's meal deals hit record highs as retailers grapple with persistent inflation pressures.

UK House Price Divide: South Stalls, Scotland Soars

Exclusive analysis of the latest ONS figures shows a stark North-South divide in the UK property market, with Scotland's house prices surging as the South East plateaus. Discover the regions bucking the national trend.

UK Economy Stagnates with 0.0% GDP Growth in April

New figures from the Office for National Statistics show the UK's economic recovery stalled in April 2024, with zero growth following a 0.4% expansion in March. The services sector slowed while production fell, casting a shadow over the government's pre-e

Bank of England holds interest rates at 5.25%

The Bank of England's Monetary Policy Committee votes 7-2 to maintain current interest rates. Governor Andrew Bailey warns of persistent inflationary pressures despite economic slowdown.

Powell Warns: High Inflation to Delay Rate Cuts

Federal Reserve Chair Jerome Powell delivers sobering testimony, indicating prolonged high interest rates as inflation proves more persistent than anticipated, sending ripples through global markets.

Cheese Outselling Crisps in UK Snacking Revolution

New ONS data reveals a surprising shift in British snacking habits, with cheese consumption soaring past traditional favourites like crisps and chocolate. Discover the factors driving this dairy revolution.

UK Inflation Stuck at 3.8% in August

New ONS data reveals UK inflation remained stubbornly high at 3.8% in August, dashing hopes of a drop and piling pressure on the Bank of England. We break down the key drivers and what it means for your wallet.

UK Inflation Holds Steady at 3.8% in July

UK inflation remained unchanged at 3.8% in July, defying expectations of a fall. The surprise hold puts pressure on the Bank of England and impacts household budgets amid the cost of living squeeze.

UK Inflation Plunges to 2.3%, Nearing BoE Target

In a dramatic shift, UK inflation has fallen to its lowest level in nearly three years, hitting 2.3% in April. This brings it tantalisingly close to the Bank of England's 2% target, putting a summer interest rate cut firmly on the table. Discover what thi

UK inflation holds at 3.8%, Reeves faces budget warning

UK inflation remains stubbornly high at 3.8% in September, posing significant challenges for Chancellor Rachel Reeves as she faces warnings of a £24 billion budget shortfall and tough economic decisions ahead.

UK Food Inflation Could Hit 15% This Summer

Shoppers across the UK face a severe cost of living squeeze as new analysis warns grocery inflation could surge to 15% this summer, adding hundreds of pounds to annual food bills.

UK Wage Growth Slows, Falling Behind Inflation

New data from the Office for National Statistics shows UK regular pay growth fell to 6.1%, lagging behind inflation and intensifying the cost-of-living crisis for workers.

UK Wage Growth Slows to 5.7% as Job Market Cools

Official figures show UK wage growth slowed to 5.7% while unemployment rose to 4.3%, signalling a cooling labour market that could influence Bank of England interest rate decisions.

UK Food Inflation Soars Above Germany and Spain

Exclusive analysis reveals UK food inflation is significantly higher than in Germany, Spain, and France, placing immense strain on British households and raising questions about post-Brexit trade impacts.

London's £7 Banana Skewed National Economic Data

A startling data analysis reveals how a single 'rotten' banana in London skewed national statistics, exposing critical flaws in economic data collection and sparking calls for government reform.

UK Economy Stalls as July GDP Shows Zero Growth

New ONS data reveals the UK economy showed zero growth in July, with rising inflation and weak consumer confidence putting a brake on recovery. Key sectors like services and production stagnated.

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