Tag: Consumer price index
Inflation Surges Above Bank of England Target in Sharp 2-Year Spike
Inflation has risen above the Bank of England's 2 percent target, causing the cost of living to increase rapidly. After hitting a 41-year high of 11.1 percent in 2022, consumer price inflation (CPI) dropped...
UK Inflation Increases to 2.3%, Heightening Calls for Interest Rate Cut Delay
In October, the UK saw an increase in inflation to 2.3%, creating more pressure on the Bank of England to delay any further interest rate cuts until next year. The Office for National Statistics...
Inflation Reaches 2.2% for First Time in 2021, Dashing Hopes for Interest Rate Cuts
UK Inflation Hits 2.2% in July, Impacting Interest Rate OutlookUK inflation has risen to 2.2 per cent in July, marking the first increase this year and impacting the outlook for interest rates in the...