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The main inflation measure is called the Consumer Prices Index (CPI), and the latest figure is published every month. CPI was 2.5% in the year to December 2024, down from 2.6% in the 12 months to ...
The Office for National Statistics said consumer price inflation rose by 2.6% in the year to November, up from 2.3% the previous month. It said stubbornly high inflation in the crucial services ...
UK inflation accelerated in December for the first time since February last year, official data showed Wednesday. ... 2024 at 5:36 AM. ... Economists polled by Reuters had forecast a slowdown to 3.8%.
Data published by Halifax Bank indicates that UK house prices increased by 2.5% in January 2024 when compared to the same month in 2023. [158] The Met Office issues two amber snow warnings for the following day covering north Wales, north-west Shropshire, the Peak District and south Pennines. [159] 8 February
On 5 September 2023, Birmingham City Council, the largest local authority in Europe, issued a Section 114 notice declaring itself effectively bankrupt. [31] In May 2024, the 12-Month CPI, which is the official measure of inflation in consumer prices in the United Kingdom, reduced to the official Bank of England target of 2%. [32]
An August 2024 survey of inflation expectations showed consumers predicting 2.3% average inflation over the next three years, the lowest figure since the survey was created in 2013. [186] Following Trump's tariff threats, long-term inflation expectations rose to 3.3 percent in January 2025 from 3.0 percent in December, the highest level since ...
UK economic output is expected to rise by 0.7% in 2024 and 1.5% in 2025, compared with 2.7% and 1.9% in the US.
The OECD reduced its forecast UK growth rate for 2024 to 0.8% – the weakest across the G7.