The UK inflation rate rose for the first time in ten months during April, pushed up by higher fares for travel and the cost of fuel. The Consumer Price Index rose to 1.8% in April according to the Office for National Statistics – up from 1.6% the previous month. According to the ONS, the timing […]
Inflation in the UK fell to 1.7% in February according to the Consumer Prices Index, easing pressure on living standards and dropping below the Bank of England’s target. It marks the second consecutive month that a drop has occurred, with the figure at 1.9% in January, and a fall in petrol prices has been identified […]
So far in 2013, many savers will have kept a close eye on the gradual fall in the rate of inflation and considered what it might mean for their precious funds. November saw rates reach 2.1%, down from 2.7% in January and ever so slightly nearer to the government’s target of 2%. However, it has […]
British consumers are expecting inflation to increase at a faster rate in the coming year than three months ago, a survey by the Bank of England has revealed.
The rate of inflation in the UK fell to its lowest for more than two years last month, the Office for National Statistics (ONS) has revealed.