In July, UK consumer prices rose by 3.6% in the year to June, up from 3.4% the month prior. Transport and fuel were the biggest contributors to this increase and were partially offset

In June, it was reported that UK consumer prices rose by 3.4% in the 12 months to May, down from 3.5% in April. The main driver behind this modest decline was a fall in transport costs, though this was partially offset by price increases in food, furniture, and household goods.

In May, we learned that UK consumer prices had risen by 3.5% over the 12 months to April, up from 2.6% in March. This increase was largely a result of rising household energy and water bills. Despite this, the Bank of England (BoE) voted to cut

In April, we learned that UK consumer prices had risen by 2.6% over the 12 months to March, down from 2.8% in February. The Bank of England’s (BoE) next meeting in May was widely

In contrast to Chancellor Reeve’s Autumn Budget, March’s Spring Statement was received with cautious optimism by markets. Tax changes were limited, and restraint was shown around spending (except in defence – a major growth area). This allayed some concerns around inflation, which has now eased to 2.8% year-on-year (February data), down from 3% in January. The Bank of England’s

In February, we learned that UK consumer prices had risen by 3% over the 12 months to January, up from 2.5% in December. The Bank of England noted that inflation is making progress towards its 2% goal, allowing the Bank’s Monetary Policy Committee (MPC) to reduce