CPI

Inflation falls more than expected to 2.6% in March

Inflation has fallen more than expected to 2.6% in the 12 months to March 2025, down from the 2.8% rise in February, driven largely by a fall in petrol prices. According to the ONS, the largest downward contributions came from recreation and culture and motor fuels, with a further large…

Read More »

Energy bills push inflation to 2.3% in October

The rising cost of energy has pushed inflation up to 2.3% in October, above consensus forecasts of 2.2%, according to the latest figures from the Office for National Statistics (ONS). The figure is up from the 1.7% posted in September and is also above the desired level of 2% set…

Read More »

Inflation falls to lowest rate in over three years

UK inflation fell to 1.7% in September, down from 2.2% in August, marking the lowest rate in over three years.This means inflation is now below the Bank of England’s 2% target, meaning the bank may face pressure to cut interest rates next month. According to the Office for National Statistics,…

Read More »

BoE holds interest rates at 5%

The Bank of England (BoE) has decided to hold interest rates at 5% this month, having lowered them for the first time in four years in August. The bank voted by a majority of 8-1 to keep the rate the same in a bid to help “sustain growth and employment”.…

Read More »

Tesco faces strike ballot as warehouse workers reject pay offer

Usdaw has launched a consultation ballot, asking Tesco workers at eight sites if they are ready to take a dispute over pay to industrial action. According to the trade union, members at all eight sites “overwhelmingly rejected” Tesco’s pay offer of between 2% plus £500 and 4.4%, depending on contract.…

Read More »

BoE cuts interest rates for first time in 4 years

The Bank of England (BoE) has cut interest rates for the first time in four years, with the rate falling to 5%. The bank voted by a majority of 5–4 to reduce the rate by 0.25 percentage points to 5%, marking the first fall in inflation since March 2020, where…

Read More »

Hot weather and Euros help boost grocery sales

Total Till sales at UK supermarkets improved +3.6% in the last four weeks ending 13 July 2024, up from 1.1% in the previous month, as the arrival of hot summer weather and the Euros helped boost performance, according to new data released today by NIQ. Promotions also helped to drive…

Read More »

GCA warns Amazon it must comply with Groceries Supply Code of Practice

The Groceries Code Adjudicator (GCA) has told Amazon that it must take “swift and comprehensive” action to demonstrably comply with the Groceries Supply Code of Practice in its new 2024 annual survey. According to the GCA’s 2024 annual survey, while the number of suppliers experiencing a code issue fell from…

Read More »

General election called for 4 July

Prime minister Rishi Sunak has confirmed that a general election will take place on Thursday 4 July. The prime minister informed the cabinet of his plans in a meeting held this afternoon (22 May). As a result the parliament will be dissolved next week. Sunak had previously confirmed that an…

Read More »

Inflation falls to 2.3% in April

Inflation has fallen to its lowest level in almost three years to 2.3% in April, down from 3.2% in March, according to the latest figures from the Office for National Statistics (ONS). On a monthly basis, CPI rose by 0.3% in April 2024, compared with a rise of 1.2% in…

Read More »