inflation flat at 2.8% in May with food slowdown offsets airfare pressure #UKInflation #ONS #Inflation #UKEconomy #CPI
inflation flat at 2.8% in May with food slowdown offsets airfare pressure #UKInflation #ONS #Inflation #UKEconomy #CPI
Fitch Ratings expects UK headline inflation to converge towards eurozone levels, ending the unusual divergence that has prevailed between the two this year.
https://dmarketforces.com/uk-eurozone-inflation-gap-to-narrow-in-2026-fitch/
OECD warns UK faces highest inflation in G7 for 2025 despite Trump tariffs
The Organisation for Economic Co-operation and Development (OECD) has forecast that the UK will experience the highest inflation among the G7 nations in 2025. The projected inflation rate of 3.5% surpasses the US rate of 2.7%, even though the US has imposed significant tariffs under former President... [More info]
Bank of England Holds Rates Amid Inflation Risks
The Bank of England holds interest rates at 4 percent amid high inflation and global economic uncertainty.https://www.olamnews.com/economy/1931/international-economy-boe-holds-rates/
đŠ #BankofEngland's Bailey blasts Reeves' NI & min wage boosts for fueling 5.1% food inflation & stalling rate cuts - rates stuck at 4%!
-> Employers agree: not out of the woods yet!
#UKInflation #EconomyCrisis #ReevesVsBailey #CostOfLivingCrisis
*** UK grocery prices are soaring! ***
-> Food & drink costs up 4.9% this year, with coffee, beef, and juice hit hardest.
-> Over 5 years, prices have jumped 37%!
See also: "CPI [consumer price index] annual inflation rate highest since January 2024"
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/latest