Inflation jumps to 10-month high, knocking chance of early interest rate cut - Consumer Prices Index (CPI) inflation rose to 3% in January from 2.5% in December.

LONDON (AP) — Inflation in the U.K. rose to a 10-month high in January, official figures showed Wednesday, an increase that will likely diminish expectations of rapid interest rate reductions from the ...

of the Office for National Statistics, thinks the VAT hike on private schools is a "one-off" factor driving up the rate of inflation. Some economists also think it is unlikely to impact the Bank of ...

The average UK house price in December 2024 was £268,000, having increased by 4.6% annually, following a 3.9% rise in the 12 months to November, according to Office for National Statistics (ONS ...

The Office for National Statistics said Thursday that ... means the economy grew by 0.9% overall in 2024. Last week, the Bank of England halved its growth forecast for the British economy for ...

Inflation measures the cost of goods and services in the UK. This includes everything from your energy bills to your food shop. It is measured by the consumer prices index (CPI) and calculated by the ...

Dave Ramsden told the Bureau for Economic Research at South Africa's Stellenbosch University that recent data on wages was a ...

The Bank of England will reveal its first interest rate decision of the year on Thursday, against a backdrop of stubborn inflation and sluggish economic growth.

an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England. The Office for National Statistics said inflation, as measured by the consumer prices ...

posing a dilemma for the Bank of England as it considers further interest rate cuts amid weak economic growth. The Office for National Statistics (ONS) said on Wednesday that Consumer Prices Index ...