A Conservative manifesto, adjusted to UK inflation January 24, 2023 As prices keep going up, Elena Siniscalco looks at what happens to the Conservative manifesto pledges from 2019 when we adjust them in line with inflation Inflation is at 10.5 per cent in the UK. This isolated number can feel quite difficult to quantify, but we see it everywhere around us – in the price [...]
Inflation and growth fears weigh down UK manufacturing June 23, 2023 Higher interest rates, strong inflation and pessimistic expectations for growth are weighing the UK's services and manufacturing sectors.
Oil prices rebound as the Fed commits to inflation battle June 22, 2023 Oil prices are rising amid a sustained hawkish approach from the Federal Reserve raising hopes of an economic revival in the US.
Grocery inflation falls to lowest monthly rate this year June 20, 2023 Grocery price inflation has fallen to its lowest monthly rate this year – but remains at its sixth highest level since 2008, figures show. Grocery inflation dropped to 16.5 per cent for the four weeks to June 11, down from last month’s 17.2 per cent and March’s record 17.5 per cent according to analysts Kantar. [...]
‘If all prices try to beat inflation we WILL get higher inflation’: Bailey pleads with firms to be considerate to low earners March 24, 2023 The Governor of the Bank of England has pleaded with companies to remember that inflation will drop sharply later this year when they are setting prices or risk hurting those on the lowest incomes. Andrew Bailey said that if companies set prices that help embed inflation in the economy it will not benefit anybody and [...]
Higher wage growth has not fuelled inflation – but it will if productivity does not improve May 13, 2024 Despite stronger real wage growth, productivity - which measures workers' output per hour - has actually deteriorated in the past year.
Recession, interest rates and inflation: Five graphs that explain the UK economy May 10, 2024 The UK leapt out of recession in the first quarter of this year, with GDP growing by a relatively impressive 0.6 per cent.
Shop price inflation slows but political tensions ‘pose a threat’ to stability April 30, 2024 The rate at which shop prices rise has slowed to its lowest level in close to three years but geopolitical tensions and the knock-on impact on commodity prices, like oil, pose a threat to future price stability.
London firms warn inflation is top concern ahead of mayoral election April 23, 2024 London businesses are still saying inflation is their top concern ahead of the mayoral election next week.
UK services sector continues to grow driving fears of ‘sticky’ inflation April 4, 2024 Firms in the service sector noted that economic conditions were slowly improving, but flagged household incomes remained constrained due to higher interest rates.