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

In January, we learned that consumer prices in the UK rose by 2.5% in the 12 months to December; a number that has remained consistently above the Bank of England’s 2% target since last summer and shows no signs of falling materially

In December, we learned that consumer prices in the UK rose by 2.6% in the 12 months to November, up from 2.3% in October.

In November, we learned that consumer prices in the UK rose by 2.3% in the 12 months to October, up from 1.7% in September.

In October, we learned that consumer price inflation in the UK had dropped to 1.7% in the last 12 months, down from a reading of 2.2% in both September and August.

In September, we learned that consumer prices in the UK rose by 2.2% in the 12 months to August – the same rate as we saw in July.