UK inflation: Higher energy bills push rate to 2.3% in October
3 days ago · 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
2 days ago · The benchmark - or base - rate, set by the Bank of England currently stands at 4.75%. It was cut from 5% earlier this month. This is the chief tool used by the Bank to try to keep inflation at its ...
UK inflation jumps to 2.3%, underscoring BoE's stance for gradual …
3 days ago · UK CPI 2.3% in October vs Reuters poll 2.2%; Bank of England had also expected 2.2%; Underlying inflation measures rise too; Sterling jumps and investors trim BoE rate cut bets
Inflation hits higher than expected 2.3% in October as ... - Sky News
3 days ago · 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 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.
U.K. Inflation Falls to 2.3%, Lowest in 3 Years
May 22, 2024 · Britain’s inflation rate slowed last month to its lowest level in about three years, further cementing the case for the Bank of England to cut interest rates later this year. Consumer prices...
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 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...
UK inflation surges above Bank of England's 2% target, curbing …
3 days ago · U.K. inflation picked up sharply to a higher-than-expected 2.3% in October, data from the British Office for National Statistics showed Wednesday. The hike marks a sharp increase from the 1.7% ...
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...
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