UK inflation surges above Bank of England's 2% target, curbing December rate cut expectations
The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled ...
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Shop price inflation jumps for first time in 17 months - here is what is means for interest rates
A 17-month-long run of falling shop inflation has come to an end, which has further dampened hopes of another interest rate ...
Inflation rises above Bank of England target again - what it means for your money
Inflation shows how the price of goods and services has changed over time, with the Consumer Price Index (CPI) being the ...
Inflation soars back above Bank of England target in sharpest spike for two years
The Bank of England seeks to control inflation – the speed at which the cost of goods and services are rising – by raising ...
Shock inflation rate rise kills hope of Christmas Bank of England base rate cut
The bigger than expected inflation rate rise in November – up from 1.7 per cent to 2.3 per cent – has killed hopes of a Bank ...
Inflation set to rebound after jump in energy bills
Data is expected to show a significant rebound in inflation in October after it dropped to a three-year low in the previous ...
UK inflation jumps to 2.3% in October, exceeding Bank of England’s target
The unexpected increase complicates expectations of another interest rate cut in December, following the Bank’s recent ...
U.K. Inflation Rebounds Above Bank of England Target
The U.K.’s annual rate of inflation rose above the Bank of England’s target in October, a move that was expected by ...
Higher energy bills push UK inflation to 6-month high in October
LONDON -- Inflation in the U.K. rose sharply to a six-month high in October and back above the rate targeted by rate-setters ...
Financial markets do not trust the BoE to deliver low inflation
On one level, the Bank of England has had a remarkably good inflation crisis. A year ago, the UK’s central bank expected ...