UK Inflation

UK shoppers are outraged over Herbal Essences reducing the size of their bottles from 400ml to 275ml while maintaining the £2 price, fuelling widespread criticism of shrinkflation practices.

The recent data showed that drivers have seen their car insurance increase by 58 per cent, on average, compared to this time last year.

With some companies closing to prioritise expansion elsewhere and others shutting their stores due to bankruptcy, the UK can expect to see a mass increase of empty store-fronts.

Jeremy Hunt says that wages will go up as prices go down next year after it was announced that the rate of inflation has decreased to 3.9 per cent.

In September, inflation stood at 6.7 per cent, as many people across the UK continue to struggle with the cost-of-living crisis.

Whilst Whitehall says the slight drop in inflation month-on-month means its policies are working, the UK still has one of the highest inflation rates in the G20.

Exploring the transformative impact of emerging trends on the intricate fabric of global politics in recent times.

Inflation in the UK fell to 7.9 per cent in June 2023 from 8.7 per cent in May, marking the lowest rate since March 2022, as reported by the Office for National Statistics.

According to price analysis by Bitget on the British pound and Bitcoin, the UK's growing inflation is giving rise to devaluing the nation's currency.

Apart from global factors, UK policy decisions have exacerbated inflation – whether post-pandemic public spending or the slow pace of interest rate hikes.

Climate and economic experts are pointing out that the systemic global and local problems behind sticky food inflation need more than just monetary approaches.

The hospitality sector in the UK is facing a significant financial crisis, with a staggering 70 per cent of businesses announcing plans to increase their prices in the coming year.

As UK CPI figures show a slight ease in inflation, businesses in the hospitality industry face a tough year ahead with food prices persistently high.

British consumers were their most upbeat in more than a year this month, despite the surging cost of living, as they took a more positive view of their finances and the health of the wider economy, market research firm GfK said on Friday.

Adding to the recent wave of strike action across the UK in recent months, traffic wardens are set to strike during the King's coronation unless a pay dispute can be settled in time.

A recent report displays extreme vetting procedures from landlords and letting agents, with the rules and regulations established on the amount of information allowed to be used by a landlord referred to as "very opaque".

Frozen berries used to blend home-made smoothies are in, while alcopops at the pub are out, according to Britain's annual update of the goods and services used to calculate consumer price inflation (CPI) data.

British employers expect to raise wages for their staff by the most in at least 11 years but the 5% pay deals for workers would still fall well below expected inflation, a survey published on Monday showed.

UK inflation slowed to 10.5 percent in December -- still around 40-year highs and more than five times the BoE's official target level of two percent.

The recently released Oracle NetSuite study foreshadows optimistic growth for UK entrepreneurs and foreshadows a glimpse of hope for economic development.

A number of people living in the UK have moved towards smaller towns or places with higher perks and salaries.

Businesses in the UK are reinventing the way they run their organizations as industry dynamics change due to unprecedented inflation in the UK.

British government energy bill rebates for households cannot be viewed as lowering inflation, official statisticians said on Wednesday, ruling out the possibility of a modest reduction to rates of price growth that are running at 40-year highs.

The UK's leading animal charity on Tuesday blamed spiralling costs and the huge upsurge in pet ownership during the pandemic for a 24-percent rise in pet abandonments this year.

UK inflation hits new 40-year high as food prices rocket

UK households have faced unprecedented blows to their living standards in 2022.

Britain's government must focus on sound public finances and avoid further fuelling inflation by pumping up demand, new finance minister Nadhim Zahawi is due to say in his first major speech on Tuesday.

Item A on next British PM's agenda: inflation crisis

Britons are shifting to cheaper food alternatives in their supermarket shopping as they try to navigate a worsening cost of living crisis, industry data showed on Tuesday.

British consumers cut back on shopping in May in the face of fast-rising inflation, and a measure of their confidence sank to a record low this month, according to data that underscored the scale of the cost-of-living squeeze.