UK grocery inflation edges higher after months of decline

UK annual inflation rises first time this year

London, United Kingdom — Britain’s annual inflation rate rose in July for the first time this year and is now back above the Bank of England’s target, official data showed on Wednesday. The Consumer Prices Index (CPI) climbed 2.2 percent in the 12 months to July compared with a 2.0-percent annual gain in June, the Office for National Statistics said in a statement. The rise was “mainly driven by prices of gas and electricity falling by less than…

Inflation Rises for First Time This Year

Consumer Price Index (CPI) inflation rose to 2.2 percent in July, above the Bank of England’s (BoE) 2 percent target, the first increase this year after months of decline. The Office for National Statistics (ONS) confirmed on Wednesday that inflation had risen from 2 percent in June, with the BoE expecting it will continue to go up for the rest of 2024 before gradually falling again. The inflation figures mean that prices are rising faster than …

Inflation rises for first time this year after months of steady decline

INFLATION has risen for the first time this year following months of steady decline ...

Inflation Rises For First Time in 2024

It’s not all sunshine and roses for Rachel Reeves as new figures today from the ONS has consumer price inflation ticking up to 2.2%, up from last month’s target-hitting performance. It’s a lower rise than expected by the majority of forecasts, pushed by last year’s ‘base effects’.[…] Read the rest

UK inflation rate rises for the first time since December

THE UK’S rate of inflation rose in July for the first time since December in a blow for households. The Consumer Price Index (CPI) measure of inflation hit 2.2% in the 12 months to July, said the Office for National Statistics. Inflation rose to 2.2% in the 12 months to July, according to new ONS data Economists and analysts had been predicting it would rise to 2.3% last month. Inflation is a measure of the cost of the average basket of goods, w…

UK grocery inflation edges higher after 17 months of decline By Reuters

UK grocery inflation edges higher after 17 months of decline