Hopes of 2022 inflation climbdown ‘dead’ as UK CPI hits 40-year high
‘Public has been spared double-digit inflation for now, but it’s just around the corner’
‘Public has been spared double-digit inflation for now, but it’s just around the corner’
Bank of England has turned up the dial at its last three meetings
When it comes to its financing, the UK continues to be reliant on the ‘kindness of strangers’
UK CPI hits 2.1% last month, beating expectations of a 1.8% rise
‘The inflation genie isn’t out of the bottle just yet’
Inflation ticks above central bank’s 2% target for first time this year
Consumer price index (CPI) inflation remained at 3% in January, defying the consensus view that it would marginally dip to 2.9%.
According to the Office of National Statistics consumer inflation fell in the year to May to 1.5%, down from 1.8% in April.