UK inflation holds at 8.7% after two months of falls

Core CPI rose by 7.1% in the 12 months to May, up from 6.8% in April, and the highest rate since March 1992. CPI inflation was unchanged at 8.7% in May, despite two consecutive months of declining and an expected fall to 8.4%, renewing predictions of a 0.5% Base Rate hike at tomorrow’s MPC meeting. The latest ONS statistics show …

UK inflation falls to 8.7%

UK inflation has fallen to single digits for the first time this year according to the latest figures released by the Office for National Statistics, easing to 8.7% in April. CPI inflation rose by 8.7% in the 12 months to April 2023, down from 10.1% in March according to this morning’s figures. On a monthly basis, CPI rose by 1.2% …

UK inflation dips to 10.1% in March but remains stubbornly high

Consensus expectations of 9.8% were not met. UK inflation failed to fall to single digits in March, dipping to 10.1% from its surprise jump to 10.4% in February, according to data from the Office for National Statistics. The Consumer Prices Index came in higher than expected, with economists having predicted it would fall to 9.8%, although it remains down from …

Inflation sees unexpected rise to 10.4%

February annual core inflation was 6.2% compared to 5.8% in January. The ONS has reported UK headline CPI inflation at an annual 10.4% for February, significantly higher than a Reuters survey consensus of 9.9% and a rise from the 10.1% recorded in January. In monthly terms, CPI was up 1.1% against a consensus of 0.6%, and compared to a fall …

UK inflation rises to 4.2% in October

CPI inflation rose from 3.1% in September to 4.2% in October, the highest 12-month inflation print since November 2011, according to the latest figures from the ONS. CPI increased by 1.1% over the month, compared with no change in October 2020. CPIH inflation, which includes owner occupiers’ housing costs, rose by 3.8% in the 12 months to October, up from …