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UK inflation slowed to 2% in May, dropping to its lowest level since July 2021. ... In the 12 months to May 2024: · Consumer Prices Index (CPI) rose by 2.0%, down from 2.3% in April· Consumer ...
The main inflation measure is called the Consumer Prices Index (CPI). CPI rose by 2.3% in the year to October 2024 , up from 1.7% in the 12 months to September. The October figure is the highest ...
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. ... UK inflation increase solidifies expectations interest ...
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
The UK government intensified its efforts to respond to the cost-of-living crisis in May 2022, with a £5 billion windfall tax on energy companies to help fund a £15 billion support package for the public. The package included every household getting a £400 discount on energy bills, which would be in addition to a £150 council tax refund the ...
The rate of price rises in the UK increased to 2.6 per cent in November, as a hike in tobacco duty and petrol costs drove inflation higher. The Office for National Statistics (ONS) announced the ...
Since 1996 the United Kingdom has also tracked a Consumer Price Index (CPI) figure, and in December 2003 its inflation target was changed to one based on the CPI [39] normally set at 2%. [40] Both the CPI and the RPI are published monthly by the Office for National Statistics .
The Office for National Statistics said higher domestic energy bills pushed up consumer price inflation up to 2.3% in the year to October from the three-year low of 1.7% recorded the previous month.