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2024: Down to 2.3% in March
The rise in services prices in Britain in March 2024 brought the main inflation figure to 2.3%, and not 2.1%, as economists predicted.
2023
Inflation in Britain is higher than in Japan, the US and the EU
Down to 4.6% in October
Inflation in Britain has fallen to its lowest level in two years. Consumer prices rose 4.6% in October 2023 from the previous year, down sharply from 6.7% in September and the lowest since 2021.
The decline in inflation was facilitated by a decrease in the cost of food and energy.
Down to 6.8% in July
Inflation in Britain in July 2023 fell to 6.8%, but was above expectations as the cost of travel and holidays rose, giving Bank of England rise to another increase in interest rates. Service inflation accelerated to its highest level since 1992.
Decline to 7.9% for the first time in a year
Inflation in Britain fell below 8% for the first time in a year, with the CPI 7.9% higher in June 2023 than a year ago, sharply below May's figure of 8.7%.
Sterling has weakened and investors have cut rates for a further spike in interest rates.
Inflation of 8.7% in April
The consumer price index in Britain in April 2023 amounted to 8.7%, exceeding all 36 estimates of economists and the Central Bank's forecast of 8.4%. Base prices excluding food, energy and tobacco rose to 6.8% last month from 6.2% in March.
Brexit is responsible for a third of the country's food inflation rise since 2019, according to research from the London School of Economics, which undermines government efforts to show that EU divorce has benefited Britain.
Inflation at 10.1% due to 40-year record food price rise
The inflation rate Britain in March 2023 remained at double digits. The CPI is up 10.1% from a year ago, driven by the strongest food price gains in more than 40 years.
Economists expected growth to slow to 9.8%, but again made a mistake.
February inflation at 10.4%, higher than EU and US
2022
Decline in December to 10.5% in December
UK inflation slowed to 10.5% in December (down from 10.7% in November).
Growth to 11.1% - a record since 1981.
Annual inflation in Britain in October accelerated to 11.1% from 10.1% a month earlier - a record since 1981.
Inflation growth in July and September to 10.1%
Annual inflation in Britain in September 2022 accelerated to 10.1% from 9.9% a month earlier. The sharp rise in food prices led to the fact that inflation in the country in September again became double-digit.
Inflation in Britain accelerated more than expected in July 2022 to become the highest in 40 years, increasing pressure on consumers and increasing pressure on the government and the Bank of England to take action.
The consumer price index rose 10.1% in July from a year earlier and after rising 9.4% a month earlier. Rising food prices have contributed the most to monthly growth, indicating that inflationary pressures are spreading beyond energy.
July
The Bank of England expects inflation to reach 13% in October.
Inflation growth in June to 9.4%
Annual inflation in Britain in June 2022 accelerated to a record 9.4% since 1982 from 9.1% a month earlier.
In May, retail prices rose more than expected to 11.7%, as well as new signs of increased inflationary pressure at the wholesale level, raw material prices jumped 22.1%, which also exceeded expectations and became the highest since 1985.
Inflation growth in April by 9% is a record since 1982.
Inflation in Britain in April 2022 rose to its highest level since Margaret Thatcher was prime minister 40 years ago, adding to pressure on the government and the Central Bank.
Consumer prices rose 9% in the year to April, the fastest pace since March 1982.
The jump from 7% in March was driven by rising energy prices, which led to a 54% increase in consumer bills in April. Petrol and diesel prices rose to record levels in April.
Inflation growth to 7% in March is a record since 1992.
Inflation in Britain rose to 7% in March 2022, updating the record since 1992, exacerbating the cost-of-living crisis. In March alone, prices rose 1.1%, the biggest increase this month in history.
Producer price growth in March was 11.9% compared to last year, the highest since 2008. The cost of raw materials rose by 19.2%, the biggest increase since 1997.
Inflation in Britain jumped to a new 30-year high of 6.2% in February 2022. Economists expected an increase in the indicator to 6%, while the Central Bank already predicts the risk of double-digit inflation at the end of the year. The rise in prices extends not only to energy, but also to most sectors of the economy.
Inflation in Great Britain accelerated in January (the fourth month in a row). Annual price growth rose to 5.5%, a new 30-year high. The index, which excludes volatile goods, accelerated to 4.4%.
2021: Inflation rises to 5.4%
The UK's inflation rate rose to its highest level since 1992, adding to pressure on the Bank of England to respond with another interest rate hike.
Consumer prices rose 5.4 per cent in December 2021 from a year ago after rising 5.1 per cent a month earlier, the Office for National Statistics said. Economists expected the growth rate to remain at 5.2%.
In October 2021, UK inflation rose to its highest level in a decade due to energy spending. Consumer prices rose 4.2% from a year ago. Economists expected 3.9%.
Inflation in June 2021 in Britain rose to 2.5%, the highest since August 2018.
Great Britain Inflation in June further exceeded the Bank of England's target of 2%. The BOE predicts inflation will exceed 3%, but claims the pressure will prove temporary.
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