UK inflation: Four things the latest figures tell us - BBC

6 days ago · Your money is being stretched as the pace of price rises has risen. The inflation rate, which charts the rising cost of living, increased to 2.3% in October. Prices aren't soaring at the …

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UK Inflation: Four Things The Latest Figures Tell Us - BBC

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UK Inflation: Higher Energy Bills Push Rate To 2.3% In October

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6 days ago · A rise in energy bills has pushed UK inflation to its highest rate for six months. The inflation rate, which measures price changes over time, rose by more than expected to 2.3% in …

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UK Inflation Falls To 2.3% As Energy Prices Cool - BBC News

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May 22, 2024 · Official figures show that UK inflation slowed to 2.3% in the year to April, down from 3.2% in March It marks its lowest level in nearly three years, largely driven by energy …

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UK Inflation Hits 40-year High Of 9% As Energy Bills Soar - BBC

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May 18, 2022 · UK inflation, the rate at which prices rise, jumped to 9% in the 12 months to April, up from 7% in March. The surge came as millions of people saw an unprecedented £700-a …

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UK Interest Rates Cut To 4.75% But Bank Hints Fewer Falls To Come

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Nov 7, 2024 · UK interest rates could take longer to fall further after the Bank of England forecast that inflation will creep higher after last week's Budget. The Bank cut interest rates to 4.75% …

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UK Inflation Jumps To 2.3% In October In Sharpest Monthly Rise In …

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6 days ago · The data also showed that a rise in airfares also helped push inflation higher, with fares rising 6.6% in October compared with the previous month. Read More FTSE 100 Live: …

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UK Inflation Rate Ticks Up To 2.2% In First Rise This Year - BBC News

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Aug 14, 2024 · The UK's inflation rate has risen for the first time this year, official figures show. Overall prices rose by 2.2% in the year to July, slightly above the Bank of England’s target of …

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Money Blog: US Fast Food Chain Opening In UK - Sky News

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1 day ago · Treasury-backed savings giant National Savings and Investments (NS&I) said the fund would reduce from 4.15% to 4% from January. This will follow a cut from 4.4% to 4.15% …

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Trump's Proposed Tariffs Would Raise Prices For These ... - ABC News

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Nov 18, 2024 · President-elect Donald Trump has promised a major escalation of the nation’s tariffs.. Trump has proposed tariffs of between 60% and 100% on Chinese goods, and a tax of …

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Politics Latest: MP Proposing Assisted Dying Bill Responds ... - Sky …

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2 days ago · The data found only 13% oppose it, while 55% of Britons would consider seeking it if they were diagnosed with a terminal illness. The support for legalisation spans age, gender, …

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FAQs about UK inflation: Four things the latest figures tell us - BBC Coupon?

Why did UK inflation fall in October?

UK inflation fell sharply in October to its lowest rate in two years, largely due to lower energy prices. Inflation, which measures the rate at which consumer prices rise, dropped to 4.6% in the year to October, down from 6.7% the month before. The government says its pledge to halve inflation by end of the year has been met early. ...

What's happening with the UK inflation rate?

That's it from us today on the release of the latest figures that showed a drop in the UK inflation rate to 3.4%. For more on today's announcement, click here. And you can find out more about inflation and how it works here, and calculate how it affects you specifically here. Thanks for joining us. ...

What is inflation & how does the bank of England respond?

As we mentioned earlier, inflation is the rate at which the price of goods and services is rising. The Bank of England tries to limit this to 2% but the figure has been well above that for some time. Typically, central banks respond to inflation by raising interest rates. ...

Why has the UK been more inflation prone to recent global shocks?

So there are questions about why the UK has been more inflation prone to recent global shocks. For one, the UK is a bigger user of gas, and so it's more highly exposed to the significant price spike seen. Labour shortages and some changes to post-Brexit trading arrangements may also have contributed. ...

Is services inflation a good indicator for the bank of England?

James Smith, an economist at ING, says services inflation was "the single most important indicator for the Bank of England". But April's figure came in higher than expected, reducing the chances of interest rates being cut when the Bank's policymakers next meet in June. Let's now check in with some more folks. ...

How does the bank keep inflation at 2%?

This is the chief tool used by the Bank to try to keep inflation at its 2% target. Raising rates cools borrowing and spending, thus limiting price rises, and vice versa. With inflation much lower than its peak, the Bank has - and still is - expected to reduce interest rates. ...