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Inflation slows to 3.4% but no Bank of England rate cut expected
The latest data showing a reduced rise in consumer prices suggests inflation pressure is decreasing, yet monetary policy is likely to remain unchanged as officials monitor economic...
Read Full Article →Trump hiring freeze is hurting inflation data collection: Report
The suspension of new hires has impacted the ability to gather comprehensive inflation statistics, potentially affecting the accuracy of the reported modest increases in consumer p...
Read Full Article →Beef drives food inflation to highest in a year
Rising beef costs have contributed to an increase in overall food prices, causing the annual inflation rate to reach 2.8% in May, the highest level recorded in the past year.
Read Full Article →UK food inflation rises for fourth month in a row as steaks beef up prices
The steady increase in the cost of fresh food, particularly meat, contributes to ongoing pressure on household budgets despite an overall decline in general price inflation across...
Read Full Article →April bill shock pushes inflation to highest level since January 2024
Rising costs for essential household services last month contributed to an accelerated increase in consumer prices, resulting in the fastest annual inflation growth recorded since...
Read Full Article →Spring sunshine and late Easter boost UK consumer spending
In April, UK retail sales grew by 7 percent annually, reflecting stronger consumer activity influenced by seasonal factors, despite ongoing concerns related to potential US trade p...
Read Full Article →US economy shrinks as firms import more ahead of tariffs
In the first quarter of 2025, the US economy experienced a 0.3% annual contraction, attributed to increased imports by businesses in anticipation of forthcoming tariffs.
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