The 12 month rate of CPI inflation jumped to 3.5% in September from 3.1% in August, mainly due to higher fuel costs, ONS reported today.
The Bank of England’s Monetary Policy Committee (MPC) has voted 6-3 to maintain the base rate at 3.75% today in a widely expected decision.
One in four savings accounts now offer rates below the current rate of inflation, measured by the Consumer Prices Index (CPI), according to data provider Moneyfactscompare.
CPI inflation jumped to 2.9% in July from 2.6% in June in what’s been seen as a blow to the government.
CPI inflation fell back in June to 2.6% - from 2.8% in May - as inflationary pressures eased, figures from ONS revealed today.
CPI inflation remained level in May at 2.8%, the same as April, despite predictions of a rise amid a backdrop of global uncertainty.
Lower costs for housing and household services spurred a substantial fall in the CPI 12 month inflation figure from 3.3% in March to 2.8% in April - although experts have warned the reprieve may only be temporary.
CPI inflation spiked up from 3% in February to 3.3% in March as the cost of fuel rose against a backdrop of conflict in the Middle East.
The Consumer Prices Index rate of inflation was 3% in the 12 months to February - unchanged from the previous month - but experts have warned that continuing oil price rises will potential push up the rate in coming months.
The Consumer Prices Index (CPI), the UK's main measure of inflation, rose by 3% in the 12 months to January, down sharply from 3.4% in the 12 months to December 2025.
The CPI 12 month inflation rate rose in December to 3.4% from 3.2% in November, ONS reported today.
The Consumer Prices Index (CPI), the UK’s main measure of inflation, rose by 3.2% in the 12 months to November, down from 3.6% in the 12 months to October.
In a welcome piece of positive economic news for the government, CPI inflation dropped modestly in October to 3.6% from 3.8% in September.
Inflation did not register as a concern for advisers researching investment options for their clients over the last quarter, according to Titan Square Mile’s quarterly Market Intelligence Report.
The State Pension is almost certain to rise by 4.8% in April due to stubborn CPI inflation figures, the latest of which were published today by the Office for National Statistics.
Three in five (60%) of UK savers avoid investing because the see it as ‘too risky’, according to a new report.
CPI rose to 3.8% in July from 3.6% in June amid signs that the government is struggling to control inflation.
Rising food and transport prices pushed up CPI inflation unexpectedly in June to 3.6%, from 3.4% in May.
CPI inflation eased slightly in May to 3.4% from 3.5% in April, ONS said today.
The 12 month CPI rate of inflation - the most widely used inflation measure - spiked up in January to 3% from 2.5% in December.
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