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price growth

  • Inflation tops forecasts as food prices jump

    August 20, 2025

    Inflation jumped in July, official data has suggested, creating a dilemma for Bank of England officials ahead of the central bank’s next policy meeting in September.  The Office for National Statistics (ONS) said consumer price index (CPI) inflation hit 3.8 per cent in the 12 months to July, which is on par with the Bank [...]

  • Bank of England may face lower inflation despite ‘Oasis bump’

    August 18, 2025

    Bank of England forecasts on inflation for July could be too high despite suggestions Oasis concerts could make prices jump, forecasters have said.  The Bank’s last Monetary Policy Report took a gloomy view on the state of the UK economy as it claimed inflation would hit 3.8 per cent in the month of July. But [...]

  • Reeves’ taxes push inflation to 3.5 per cent in ‘Awful April’

    May 21, 2025

    Inflation bounced back up to 3.5 per cent in April, official data has revealed, underlining the cost burden firms are taking on after Chancellor Reeves’ tax hikes on employers and rise to the national living wage came into effect.  Consumer price inflation rose by 1.2 per cent on a month-on-month basis, higher than the last [...]

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