CPI
Examples of how inflation has eased or accelerated for everyday items
A handful of items are recording negative inflation, with prices are falling year-on-year.
UK inflation stays at 2% despite surge in hotel prices
The rate of Consumer Prices Index inflation remained unchanged at 2% in June, the Office for National Statistics said.
Inflation held at 2% in June, but hotel prices soared by 8.8% - ONS
The rate of Consumer Prices Index inflation was at 2% for the second month in a row last month, the Office for National Statistics said.
Fight against price rises sees UK inflation hold steady in June
The rate of Consumer Prices Index inflation was at 2% for the second month in a row last month, the Office for National Statistics said.
How the rate of inflation has changed for everyday items
The average price of low-fat milk was down 2.8% in May, while cheese dropped 3.9%.
People still feeling worse off than pre-pandemic, says Jeremy Hunt
The Chancellor pointed to the ‘economic shocks’ of the pandemic and energy crisis as reasons for a fall in living standards.
Summer interest rate cut ‘possible’, says Bank of England deputy governor
The UK interest rate currently sits at a 16-year-high of 5.25%.
Interest rate cut hopes pushed back after slower-than-expected inflation fall
UK interest rates currently sit at a 15-year high of 5.25% after hikes by the Bank of England in an effort to quash inflation.
How the rate of inflation has changed for everyday items
The average price of low-fat milk was down 6.5% in March, while second-hand cars were down 8.1%.
UK inflation cools to 3.2% after further slowdown in food prices
It marks the lowest level since September 2021, but was nonetheless slightly higher than economists expected.