Tag: UK inflation

• Wednesday, April 12th 2017 - 09:44 UTC

  UK inflation steady in March with rising food and clothing prices

  

  Inflation in the United Kingdom held steady last month, as rising prices for food and clothing were offset by lower air fares. The UK Office for National Statistics, ONS, said inflation as measured by the Consumer Prices Index remained at 2.3%.

• Saturday, September 19th 2015 - 07:15 UTC

  UK economists debate on further interest rate cuts to combat low inflation

  

  The Bank of England may have to cut rates to combat low inflation, rather than raise them as its next move, its chief economist Andy Haldane has said. UK inflation may not pick up in the second half of the year, and there are risks of fallout from emerging economies, he said in a speech.

• Thursday, March 12th 2015 - 01:11 UTC

  Bank of England contrary to further cut interest rates to combat low inflation

  

  Bank of England governor Mark Carney said it would be “extremely foolish” for the Bank of England to cut interest rates to try to combat low inflation. He reiterated comments made in February that the drop in prices was temporary and largely caused by the sharp fall in oil prices.

• Friday, February 20th 2015 - 05:05 UTC

  UK inflation 0.3% in January on cheaper petrol and food prices

  

  The rate of UK Consumer Prices Index inflation fell to 0.3% in January, its lowest level since records began. Cheaper petrol and lower food prices, helped by a supermarket price war, cut the rate from 0.5% in December, Office for National Statistics figures show.

• Thursday, April 17th 2014 - 04:53 UTC

  For third consecutive month UK inflation stands below the 2% target rate

  

  The UK inflation rate as measured by the Consumer Prices Index (CPI) fell to 1.6% in March from 1.7% in February, according to the Office for National Statistics (ONS). It is the third consecutive month inflation has been below the Bank of England's 2% target rate, and the lowest rate since October 2009.