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The Office for National Statistics said the annual rate of inflation, as measured by the consumer price index, was 6.8% in July, its lowest level since February 2022, the month Russia invaded ...
Cuts to energy prices led to Consumer Price Index inflation falling sharply to 6.8 per cent in the year to July, down from 7.9 per cent in June – the lowest rate since February 2022, the Office ...
The Office for National Statistics (ONS) said inflation was 6.7 per cent in August, down from 6.8 per cent in July, defying chancellor Jeremy Hunt’s suggestions that the UK may experience a ...
4 July The 2024 United Kingdom general election is held. [452] Security guard Gavin Plumb is found guilty of plotting to kidnap, rape and murder television presenter Holly Willoughby. [566] 5 July 2024: Sir Keir Starmer becomes the new British prime minister, succeeding Rishi Sunak. 5 July Results of the 2024 United Kingdom general election:
What is happening to UK interest rates? In November 2024, ... The inflation rate for countries using the euro was 1.8% in September, down from 2.2% in August and 2.6% in July.
The MPC are asked to keep the Consumer Price Index at 2% per year. The committee is responsible for formulating the United Kingdom's monetary policy, [2] most commonly via the setting of the rate at it which it lends to banks (officially the Bank of England Base Rate or BOEBR for short). [3]
According to data from the ONS, the annual rate of the CPI increased to 4.2 percent in October, up from 3.1 percent in September. Inflation surpassed the Bank of England's target of 2% and was higher than the 3.9 percent predicted by experts. Higher rates for transportation, restaurants, and hotels mainly contributed to the price increase in ...
The UK inflation rate has gone up for the second month in a row, with prices rising at their fastest pace since March. Inflation hit 2.6% in the year to November, according to official figures.