UK Inflation Falls to 2% Target, but Labour Warns of Ongoing Financial Strain
UK inflation falls to 2% target for first time in three years, but Labour warns cost of living crisis persists with high prices and mortgage costs.
Category : Inflation
UK Faces Highest G7 Inflation This Year and Next, IMF Warns
IMF warns UK faces highest G7 inflation in 2025 and 2026, with revised forecasts of 3.4% and 2.5% respectively.
No Evidence Burnham Raises Borrowing Costs, Professor Says
Prof Costas Milas says Google search data shows Andy Burnham has not increased UK borrowing costs, countering fears of bond vigilante reactions to his economic policies.
UK EV Drivers Face £50 Increase in Charging Costs
From July 1, UK electric vehicle owners face up to £50 more in annual home charging costs as the energy price cap rises to 26.11p/kWh, impacting running expenses.
Chalmers Warns of Inflation Hike and Cost-of-Living Pressures Amid Middle East Conflict
Treasurer Jim Chalmers warns inflation may exceed 4.5% due to Middle East conflict, but recession not expected. RBA rate hike anticipated.
US Jobs Market Adds 130,000 in January, Surpassing Expectations
US added 130,000 jobs in January, beating expectations, but 2025 job growth revised down sharply, with unemployment at 4.3%.
UK Inflation Falls to 3%, Lowest Since March 2025
UK inflation fell to 3% in January, the lowest since March 2025, boosting hopes of an early interest rate cut by the Bank of England.
Nearly 13 Million UK Adults Struggling with Debt, Charity Warns
Debt Justice reports 12.8 million UK adults struggle with debt, up two-thirds since 2017, as cost of living crisis and rising interest rates trap many in poverty.
US Agriculture Secretary Defends Broccoli and Chicken Meal Suggestion Amid Mockery
US Agriculture Secretary Brooke Rollins defends her $3 broccoli and chicken meal suggestion after online mockery, citing health benefits and SNAP reforms.
Cost of Living Crisis: UK Households Face Worst Squeeze in Decades
UK faces highest inflation since 1980s, with food prices at 13-year high. Household incomes squeezed as energy and petrol costs soar.
Full English Breakfast Costs Soar as Cafe Crisis Deepens
Full English Breakfast costs 20% more than last year due to inflation, energy prices, and Ukraine war, with milk up 44% and eggs 23%.
Grocery Price Inflation in Great Britain Falls to 3.2%, Lowest Since November 2021
Grocery price inflation in Great Britain falls to 3.2%, lowest since Nov 2021, as promotions surge and costs of toilet rolls, butter and milk drop.
RBA Holds Rates at 3.6%, Warns No Cuts Until 2027 as Inflation Rises
RBA holds cash rate at 3.6%, warns no cuts until 2027 as inflation rises, house prices and rents increase.
Inflation Drop to 3.2% Seals Deal for Interest Rate Cut
UK inflation drops to 3.2%, paving way for Bank of England interest rate cut on Thursday, boosting Chancellor Reeves.
Australian Inflation Jumps to 3.2% as Energy Subsidies Expire, Rate Cut Hopes Dashed
Australian inflation jumps to 3.2% as energy subsidies expire, dashing hopes of a rate cut. Underlying inflation accelerates for first time in three years.
UK Inflation Holds at 3.8% as Reeves Faces Budget Warning
UK inflation holds at 3.8% in August; Bank of England expected to keep rates at 4%. Reeves faces budget warning as food prices rise.
UK Households Told to Submit Meter Readings as Energy Cap Rises
Millions urged to submit energy meter readings as 13% price cap jump takes effect from Wednesday. Average bill rises £221 to £1,862 a year.
Why Most New Year's Resolutions Fail and How to Succeed
Only 8% of people achieve New Year's resolutions. Experts explain why they fail and offer tips for success, including starting early and setting small goals.
UK inflation hits 40-year high of 9% as cost of food and energy soars
UK inflation hits 40-year high of 9% in April, driven by soaring energy and food costs, deepening the cost of living crisis for millions.
Chocolate Prices Soar 15% as Shrinkflation Hits Christmas Favourites
Chocolate prices have risen 15.4% in a year due to poor cocoa harvests, with shrinkflation hitting Christmas favourites like Quality Street and Toblerone.
UK credit card borrowing hits highest monthly level since 2004 amid cost of living crisis
UK credit card borrowing hit a record high in November 2022, rising £1.2bn as households faced cost of living pressures, while mortgage approvals fell sharply.
Bank of England's Bailey: Not Complacent on Inflation
Bank of England Governor Andrew Bailey insists the central bank is 'not complacent' about reducing UK inflation, despite warnings from chief economist Huw Pill that inflation above 2% is 'problematic'.
Sainsbury’s CEO: UK Grocery Inflation Less Severe Than Feared
Sainsbury’s CEO Simon Roberts says grocery inflation is not as bad as feared, with food price rises easing despite Middle East tensions. Sales rose 2.7% to £9.1bn, boosted by Aldi price match, hot weather and World Cup.
Half of Britons Cutting Back on Christmas Gifts Amid Cost-of-Giving Crisis
Poll shows 51% of Britons buying fewer Christmas gifts due to rising prices; Lib Dems warn of 'cost-of-giving crisis'.
UK Inflation Holds Steady at 2.8% in May, Below Forecasts
UK inflation held at 2.8% in May, below forecasts of 3%, as food price falls offset fuel rises, easing fears of aggressive rate hikes.
UK Inflation Falls Sharply to 3.2% in November, Boosting Rate Cut Hopes
UK inflation fell to 3.2% in November, below expectations, boosting chances of a Bank of England rate cut on Thursday.
Australia's Inflation Eases to 4.2% but Rate Hike Risk Remains
Australia's inflation eased to 4.2% in April due to fuel excise relief, but economists warn of potential RBA rate hikes later this year as underlying pressures persist.
Climate Crisis Driving Food Price Hikes, Threatening Global Stability
Climate change-induced extreme weather is driving food price surges globally, threatening health and political stability, new report finds.
UK households face £200 energy bill rise due to Iran war impact
UK households face £200 energy bill rise from July due to Iran war impact on oil and gas supplies, with calls for government support.
Australia Faces Inflation Surge to 4.5% Amid Middle East Conflict, Treasurer Warns
Treasurer Jim Chalmers warns inflation could hit 4.5% due to Middle East conflict, with RBA expected to raise rates. Recession not anticipated.
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