UK inflation: Higher energy bills push rate to 2.3% in October
Nov 20, 2024 · The last time inflation was at 2.3% - above the Bank of England's target - was in April. Shadow chancellor Mel Stride said claimed Labour's Budget would "push up inflation and mortgage rates".
UK inflation: Four things the latest figures tell us - BBC News
6 days ago · Inflation peaked at 11.1% two years ago. But, there is concern about the impact the situation is having, and will have, on people's finances. Here are four ways these figures affect you.
UK inflation rate ticks up to 2.2% in first rise this year - BBC News
Aug 14, 2024 · The Bank of England expects inflation - which measures the rate at which prices rise - to go up to 2.75% in the coming months before falling below 2% next year.
Pound falls as UK inflation declines more than expected to 1.7%
Oct 16, 2024 · UK inflation fell more than expected to a three-year low of 1.7 per cent in September, prompting the pound to fall and traders to increase bets on further rate cuts from the Bank of...
UK inflation falls to 3.4% - lowest level for almost two and a half ...
Mar 20, 2024 · While UK wage growth has been falling, it is still outpacing inflation. On the plus side, this means on average people will, over time, be feeling less pressured by general price rises. But it...
Inflation falls to 4.6% as government says pledge met early - BBC News
Nov 15, 2023 · New data has shown a sharp fall in UK inflation, or the rate at which prices are rising. This was 4.6% in the 12 months to October - the lowest figure for nearly two years. Despite the...
UK inflation rises to 2.3% driven by higher energy bills
Oct 15, 2024 · The rate of UK inflation as measured by the Consumer Prices Index (CPI) rose to 2.3% in October, according to official figures released on 20 November. It comes after inflation slowed to 1.7%...
Inflation hits higher than expected 2.3% in October as ... - Sky News
Nov 20, 2024 · Before the inflation figure was announced, there was a 78.3% chance of no change - and a 21.7% chance that the cost of borrowing would fall by 0.25 percentage points, according to market expectations.
UK inflation surges above Bank of England’s 2% target, curbing …
Nov 20, 2024 · Sterling ticked up marginally following the latest inflation print, trading 0.1% higher at $1.2692 at 8:03 a.m. London time. The British pound was up 0.4% against the euro at 1.20 euros.
BoE's Lombardelli worries over above-forecast inflation, backs …
2 days ago · Bank of England Deputy Governor for Monetary Policy Clare Lombardelli gestures during the central bank's Monetary Policy Report press conference at the Bank of England, in London, on November 7, 2024.