The Latest Breaking News from Inflation

The oil price fluctuated, with the Israel-Iran conflict entering its sixth day.

Most economists think the Bank of England’s Monetary Policy Committee (MPC) will opt to keep rates on hold when it meets on Thursday.

COMMENT: The retail giants point the finger at the chancellor’s business tax rises as food inflation jumps to 4.4 per cent – so, asks James Moore, are they right, and will mortgages and petrol pump prices be next?

ANALYSIS: Here are a handful of factors likely impacting the Fed’s interest rate decision being announced today.

Inflation in the U.K. dropped modestly in May as a drop in air fares and transport costs were largely offset by rising food prices, particularly chocolate

Exclusive: poll shows 62% of women and 47% of men across political spectrum say economy and inflation getting worse

Inflation has accelerated sharply for computer software, up from 8.2% in April to 16.3% in May.

The inflation-fighters at the Federal Reserve are expected to keep their key interest rate unchanged Wednesday for the fourth straight time

June S&P 500 E-Mini futures (ESM25) are up +0.20%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.33% this morning, pointing to a slightly higher open on Wall Street after yesterday’s drop, while investors await the Federal Reserve’s policy decision and updated projections, as well as Chair Jerome Powell’s…

Experts have said that inflation is set to remain elevated over the coming months, particularly if global oil prices continue to spike.

The annual rate of house price growth fell to 3.5% in April, from 7.0% in March, the Office for National Statistics said.