Britain's upcoming government is set to gain from a reduction in household financial pressure due to a slowdown in inflation and a decrease in fuel prices, although costs remain high for many families. Data from the British Retail Consortium (BRC) indicates that annual UK shop price inflation dropped to 0.2% last month from 0.6% in …
There was a glimmer of hope for beleaguered British consumers this week, with news that UK inflation dipped to 2.3% in April. This marks the lowest level in almost three years, offering a potential reprieve from rising costs. However, the celebration may be short-lived, as the drop fell short of analyst expectations, casting doubt on …
In March, the United Kingdom saw a significant dip in inflation, reaching its lowest level in two and a half years. Official figures released on Wednesday attributed this decline to further reductions in food prices. According to the Office for National Statistics, consumer prices increased by 3.2% in the year to March, down from 3.4% …
British Prime Minister Rishi Sunak expressed joy over the recent drop in inflation, calling it "good news for the UK" just in time for the Christmas season. Official statistics from the Office for National Statistics (ONS) revealed that inflation has decreased to 3.9%, marking the lowest level in over two years. Sunak had prioritized halving …
The UK's annual inflation rate for September surprised economists by maintaining its level at 6.7%. This unexpected steadiness was driven by soaring fuel costs, which countered the first monthly drop in food prices in two years. The Office for National Statistics compiled this data using the Consumer Prices Index, delving into individual goods and services …
