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12 hours ago · The Bank has only recently started to bring the interest rate down, having kept it at 5.25% between August 2023 and July 2024 in an attempt to bring inflation under control.
12 hours ago · The latest drop in inflation was mainly driven by falls in the cost of fuel and air fares, said the ONS. On the flip side, inflation on food and non-alcoholic drinks went from 1.3% to 1.8% - the ...
12 hours ago · This is the lowest rate in more than three years and down from 2.2 per cent in August and July. The rate has fallen to below the Bank of England’s two per cent target as a result of lower motor ...
12 hours ago · The heavier-than-predicted fall in the inflation rate is expected to add pressure onto Bank of England rate-setters to cut interest rates, which had been hiked in recent years to bring inflation ...
12 hours ago · UK inflation dropped to 1.7% in September, under the Bank of England's 2% target, for the first time since April 2021; The decline was mainly driven by a 10.4% decrease in petrol prices and lower ...
12 hours ago · – What made inflation go down? The ONS said the reduction in inflation was partly caused by a fall in fuel prices. CPI rose by 1.7% in the 12 months to September 2024, down from 2.2% in August 2024.
12 hours ago · The Core CPI rate - which strips out energy, food, alcohol and tobacco - sat at 3.2% in the 12 months to September down from 3.6% in August. Goods prices fell at a faster rate dropping to -1.4% ...
