The Latest Breaking News from Inflation

Winners and losers of Bank of England interest rate hike - from homeowners to savers

The Bank of England has hiked its base rate has risen from 1% to 1.25% - a new 13-year high - as part of plans to cool soaring inflation, which currently stands at 9%

Daily Mirror · Jun 16, 2022

Interest rates hit 1.25% in 13-year high - what it means for you and your money

The Bank of England is putting up base rate to try to bring down record inflation levels, but the decision means some households will be left with higher bills amid a cost of living crisis

Daily Mirror · Jun 16, 2022

Asos warns on profits amid ‘significant increase’ in customer returns

Sharp share sell-off as retailer says inflation is giving customers second thoughts about purchases

The Guardian - UK · Jun 16, 2022

Bank of England under pressure to aggressively raise rates

The Bank of England is under pressure to raise interest rates more aggressively amid concern that the quarter-percentage-point hike expected Thursday will do little to combat price increases that have pushed inflation to a 40-year high

The Independent UK · Jun 16, 2022

Food prices in UK to rise by 15% this summer, grocery analysts say

Report warns more people could skip meals if inflation lasts into middle of next year

The Independent UK · Jun 16, 2022

How do interest rates affect inflation?

Interest rates are already at their highest level in 13 years

The Independent UK · Jun 16, 2022

Inflation rise blamed by Simply Be, JD Williams and Jacamo owner N Brown for revenue decline

N Brown added that its earnings expectations for its full year remain unchanged

Birmingham Post · Jun 16, 2022

An extra 60,600 Australians found work in May. Here's why wages aren't moving much

The rate of unemployment remained steady at 3.9% between April and May.

The Conversation · Jun 16, 2022

Asos sees 'significant' rise in shoppers returning orders as UK inflation soars

Customers spending less in cost of living crisis

Wales Online · Jun 16, 2022

Why are central banks pushing to raise interest rates?

Banks are raising rates to bring down inflation but there is a risk to economic growth

The Guardian - UK · Jun 16, 2022