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1. • • Inflation has fallen significantly since it hit 11.1% in October 2022, which was the highest rate for 40 years. However, that doesn't mean prices are falling - just that they are rising less quickly. Inflation had remained above the Bank of England's 2% target partly because of high energy and food prices.
     www.bbc.com/news/business-12196322?at_custom=056F8982-63E6-11ED-9732-D4BF4744363C

     UK inflation rate: How quickly are prices rising? - BBC News

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   How much are prices rising in the UK?

   • UK inflation rate calculator: How much are prices rising for you? Every month there's a new figure for inflation - it estimates how much prices are rising across all the goods and services in the economy. In the 12 months to April 2024, the figure was 2.3%.

   UK inflation rate calculator: How much are prices rising for you? - BBC

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   Why are prices so high in the UK?

   • Price increases come from external pressures, so rising international prices for energy and food were a big part of the problem. Other rising costs can be within Britain, so labour shortages for some sectors have been pushing up pay, which companies pass on to customers.

   Coming down but still going up: The trouble with inflation

   www.bbc.co.uk/news/articles/c722gm1zrx4o

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   Is UK inflation back at 2%?

   • UK inflation is finally back at 2%. Here’s why rate cuts are still ‘off the table’ | CNN Business Inflation is finally back at 2% in the UK. Here’s why rate cuts are still ‘off the table’ Link Copied! A restaurant in Covent Garden in London, pictured on June 17, 2024.

   Inflation is finally back at 2% in the UK. Here’s why rate cuts are still ‘off …

   edition.cnn.com/2024/06/19/economy/uk-inflation-target-interest-rate-cuts/index.html

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   Does the UK government push inflation down?

   • The UK government takes some credit for pushing price inflation down through its resistance to wage inflation in the public sector. That signal and rising unemployment can have the effect of dampening pay rise expectations.

   Coming down but still going up: The trouble with inflation

   www.bbc.co.uk/news/articles/c722gm1zrx4o

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   Will inflation hit the bank of England's target for the first time?

   • Inflation has hit the Bank of England's target for the first time in almost three years. Prices rose at 2% in the year to May, down from 2.3% the month before, official figures show.

   Inflation falls to lowest level in almost three years

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   What happened to inflation in the UK in April?

   • At 2.3%, UK inflation has finally dropped below the rate for countries using the euro, which was 2.4% in April, the same as in March. The European Central Bank raised its key interest rate to a record high 4% in September and has left it there. In the US, inflation hit 3.4% in the 12 months to April, down from 3.5% in March.

   UK inflation rate: How fast are prices rising? - BBC News

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3. www.bbc.co.uk › news › articlesComing down but still going up: The trouble with inflation

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   Jun 19, 2024 · An imaginary basket of 700 goods and services bought by households has gone up in price by 2% in the year to May, down from 2.3% in the year to April. In autumn of 2022, the consumer price ...

4. www.ons.gov.uk › economy › inflationandpriceindicesConsumer price inflation, UK - Office for National Statistics

   www.ons.gov.uk › economy › inflationandpriceindices

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   These movements resulted in overall motor fuel prices rising by 2.3% in the year to May 2024, compared with a fall of 0.3% in the year to April. The small upward effect from transport services resulted from prices rising by more in May 2024 than a year ago. There were small upward contributions from rail, air, and sea fares.

5. www.bbc.com › news › business-12196322UK inflation rate: How quickly are prices rising? - BBC News

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   Jun 20, 2024 · Prices in the UK rose by 2% in the year to May 2024, down from 2.3% the month before, and the lowest rate in almost three years. It means inflation has finally hit the Bank of England's 2% target.

6. www.bbc.com › news › articlesUK inflation hits target for first time in almost three years

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   Jun 19, 2024 · Prices for bread, cereals, vegetables, sugar, jam and chocolate all fell between April and May this year compared with a year ago. However, food prices overall are still 25% higher than at the ...

7. www.bbc.com › news › business-62558817UK inflation rate calculator: How much are prices rising for you?

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   Our personal inflation calculator, built by the Office for National Statistics (ONS) in collaboration with the BBC, shows you what the inflation rate is for your household, and identifies the items...

8. edition.cnn.com › 2024/06/19 › economyUK inflation is finally back at 2%. Here’s why rate cuts are ...

   edition.cnn.com › 2024/06/19 › economy

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   Jun 19, 2024 · A restaurant in Covent Garden in London, pictured on June 17, 2024. UK inflation slowed to 2% in May, falling to the Bank of England’s target for the first time in nearly three years as food ...

9. www.bbc.com › news › business-59316544Inflation: UK prices soar at fastest rate for almost ten years

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   Nov 17, 2021 · October's reading is far higher than the 3.1% rise recorded in the year to September and more than double the Bank's target of 2%. What is inflation? Inflation is the rate at which prices are...