UK Inflation

UK inflation rate grows 1.8% in January, up from 1.6% in December but below 1.9% forecast.

Pound climbs against euro and dollar, ahead of a key week with a host of economic reports to be released.

Rising food and petrol prices are pushing up the cost of living while wage rises struggle to keep pace.

DFS says weaker pound and squeezed household budgets will hit consumer confidence this year.

Bank of England's boss says that Britain's Brexit journey is really just beginning.

BoE now expects UK economy to grow 2% in 2017, compared with November's 1.4% forecast.

This decline was greater than the 1.4% fall seen in December 2016.

Retail sales slow as inflation begins to build hitting household spending.

Air fares and food among the main contributors to rise in inflation says Office for National Statistics.

Bank of England governor says declining pound has meant higher prices for consumers.

Kantar Worldpanel figures show sales at UK supermarkets rose 1.8% year-on-year in the 12 weeks to 1 January.

The average household owes almost £13,000, claims the Trades Union Congress.

BCC said the fall in the value of the pound helped offset the uncertainty caused by the Brexit vote.

Kantar data shows sales at Sainsbury's, Asda and Morrisons continue to decline, while discount retailers thrive.

Pound climbs above $1.27 despite rising inflation, as investors await Federal Reserve meeting.

Increase in the prices of fuel, clothing and computing equipment drove headline rate higher in November.

British household spending averages around £50,000 per year compared to around £35,000 in France.

BCC says the general slowdown in the UK economy will be amid Brexit uncertainty and higher inflation.

Manufacturers report positive output and new orders for the first time in 18 months.

The group said a 'positive outlook' in the fast food market would led to more openings.

Chancellor delivers expected increase in living wage, corporate tax cuts and ditches plans for budget surplus by 2020.

Retail sales increase 7.4% in October, as average store prices fall across the board apart from petrol stations.

From March 2017, the ONS will measure inflation based on CPIH index rather than the current CPI gauge.

Sterling declines as inflation misses forecast, while dollar rally slows as investors indulge in profit-taking.

Decline in costs of clothing and university tuition fees kept inflation below 1% says ONS.

BoE keeps rates unchanged as Governor Mark Carney delivers quarterly inflation report.

Services sector in fastest expansion since January but inflationary pressure from a weak pound mounts.

Report says rising food and clothing prices will push inflation to twice the Bank of England's cost-of-living target.

The National Institute for Economic and Social Research says a falling pound means prices will rise.

ONS says retail sales climbed 4.1% year-on-year in September, compared with a 6.6% gain in August.