Consumer Prices Index

UK inflation jumps to 3.4%: What this means for mortgages and interest rates

The cost of many store cupboard essentials has soared in the UK since the 1970s

How the cost of your shopping basket has changed, from 1960 to today

A woman carries her shopping at a branch of Tesco. Essentials like vegetables, milk, eggs, cheese, and fish are driving higher household costs. (Photo: ADRIAN DENNIS/AFP via Getty Images)

UK inflation at 3.8% as food prices rise: what it means for your money

(Photo: SUSANNAH IRELAND/AFP via Getty Images)

UK inflation rises to 3.8% – what it means for debt and daily costs

(Photo: Christopher Furlong/Getty Images)

Inflation hits 10-month high driven by travel and food cost increases

An under-pressure Chancellor will welcome the news that the annual rate of consumer prices index (CPI) inflation fell to 2.5 per cent last month from 2.6 per cent in November. Most analysts had been expecting the inflation rate to remain unchanged but a fall in hotel prices helped offset a jump in the cost of fuel last month.

Analysis Truth about December’s inflation dip - and why it might not last long

Britain’s economy hit a number of major milestones in 2024 as lower inflation paved the way for the first interest rate cuts for over four years, but the path was far from smooth.

UK economy faces threat of ‘stagflation’ after bumpy 2024

The Bank of England has held interest rates at 4.75% as it cautioned over “heightened uncertainty in the economy” following the UK Budget and US presidential election.

Mortgage relief for Scots delayed for months with interest rates held

Analysts say food and drink inflation, added to fuel rises, have driven this bump in inflation.

Analysis What rates and inflation double whammy means just before Christmas

(Photos: Getty Images)

UK inflation drops below Bank of England target: what it means for you

Chief Secretary to the Treasury Darren Jones

Explainer What surprise inflation drop means for spending, saving and mortgages

City workers walk past the Bank of England in London (Photo: Leon Neal/Getty Images)

Inflation rises above 2% - what that means for consumers

The uptick in headline inflation in July 2024 was driven partly by a sharp drop in energy bills last July falling out of the year on year calculations.

UK inflation shock: What does a jump in prices mean for interest rates?

The UK's CPI inflation rate has dropped to 4.6 per cent - its lowest point in two years - with the government meeting its target to get inflation under 5.3 per cent by the end of 2023. Picture: AFP via Getty Images

Sunak says 'hard decisions' remain despite inflation rate drop to 4.6%

Money worries are stacking up for many people against a backdrop of high inflation and rising interest rates.

Bank of England raises interest rates to fresh 15-year high

The next Bank of England interest rate meeting has created more woes for mortgage payers. Picture: AFP/Getty Images/PA/Adobe

Bank of England hikes interest rate to 5% in fresh blow to mortgage holders

The Resolution Foundation think-tank has said that up to half of the millennial generation could still be renting in their 40s. Picture: PA Wire

Third of millennials face renting into retirement

Inflation cooled in February as the impact of the Brexit-hit pound eased. Picture:John Devlin

Inflation falls as pressure on Brexit-hit pound eases

The Bank of England will need to write to Chancellor Philip Hammond. Picture: PA Wire

Inflation rises to new high amid household squeeze

Consumers feel increasingly cautious about making purchases.

Spending squeeze leaves households downbeat about finances

The BoE decision comes after the Federal Reserve hiked US interest rates. Picture: Peter Macdiarmid/Getty Images

BoE warns of new year slowdown after holding rates

Picture: John Devlin

Business leaders warn of '˜stagflation' as pound falls

Martin Flanagan

Comment: Flat inflation gives recovery a jolt

Martin Flanagan

Comment: Plenty of reasons not to feel deflated

Inflation dropped more heavily than expected to 1.5 per cent in May. Picture: Hemedia

Supermarket prices plummet on back of inflation

Picture: TSPL

First inflation rise in nearly a year

Bank of England. Picture: Reuters

Hopes of lower inflation strengthen Bank’s hand

Good news: George Osborne. Picture: Getty

Boost for consumers as inflation falls

SSE is due to unveil its halfyear results on Wednesday, with pretax profits expected to have fallen by about 19 per cent. Picture: SSE

News due from energy pair SSE and Centrica

Lower costs at the petrol pumps were offset by an upward contribution to the Consumer Prices Index from air fares. Picture: TSPL

Inflation untouched by falling fuel prices

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Energy bill hikes to push inflation up

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See the light and eclipse inflation’s grip

Jeff Salway: George Osborne fails to keep system simple

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Inflation hits 15-month low but fuel rises set to drive it back up again

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Public sector needn’t panic over pensions

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Inflation stable for now, but a long list of rises for consumers points to 5.5% ...

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UK savers lost £36bn last year to inflation

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News keeps getting worse if you hope for a real return on savings

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Interest rate held despite oil rise fears

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Tighten seatbelts and put your house in order

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Pressure on Bank to raise interest rates as cost of living increases

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UK News: Questions for King as inflation remains high
STUBBORNLY high inflation is set to trigger another open letter from Bank of England Governor Mervyn King to the Chancellor today when July figures on the cost ...

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Inflation poses dilemma for Bank

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Bank of England expresses fresh doubts over economic recovery

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The retirement bill for pensions is growing fast but steps can be taken to turn ...

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Inflation expected to fall after 3.5% spike

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