Ballooning inflation back at 40-year high
Rising food prices drove CPI back to July’s record 10.1% as industry commentators ponder the BoE’s next rate rise
Rising food prices drove CPI back to July’s record 10.1% as industry commentators ponder the BoE’s next rate rise
Drop marks the first decline since September 2021
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Seven stock pickers reveal how they are handling increasing prices in portfolios
‘The economic recovery could be a Trojan horse, smuggling inflation into the UK, right under the nose of central bankers’
The key events for UK wealth managers for the week starting 15 July
Commentators fear an inflation shock if the UK crashes out the EU with no deal
Beast of the East and heatwave hit UK food supplies
UK consumer price inflation fell sharply to the lowest rate in a year last month, raising questions over the Bank of England’s (BoE) direction on interest rates.
Sterling was up against the dollar this morning as wages grew faster than expected, according to the Office for National Statistics (ONS).
The Consumer Prices Index (CPI) dropped to 2.7% in February, down from 3% the month before, setting inflation on a slow course towards the Bank of England’s 2% target.