Inflation has fallen significantly since hitting 11.1% in October 2022, which was the highest rate for 40 years. However, ...

The Office for National Statistics (ONS) measures the price of a ‘basket’ of goods and services ... has tripled since 1995. The UK government sets a target inflation rate of 2%, as high ...

UK inflation fell by more than expected to ... The ONS calculates inflation based on a regularly updated "basket of goods" and services that represents what households are buying.

It measures inflation by tracking changes in the cost of a fixed basket of goods and services over time. In the UK, it has been used for decades to assess price trends and adjust wages ...

The rate of rising prices - inflation - has eased ... then higher taxes all round will make goods more expensive for consumers. But, particularly for the UK, things are far more nuanced.

UK inflation saw ... Chancellor's choices are keeping inflation higher for longer and working families are paying the price." Inflation is a measure of how the prices of goods and services change ...

THE UK's rate of inflation fell again in March. The Office for National Statistics (ONS) said the Consumer Price Index (CPI) measured 2.6% in the 12 months to March. March's figure is below ...

Modelling the impact of US tariffs on the UK or global economy is fraught with uncertainty, particularly when the tariffs and ...

UK inflation marginally dropped ... Bank of England to cut interest rates in May. Core inflation, which monitors the change in prices of goods and services - excluding those from the food and ...