The Latest Breaking News from Inflation

‘We do expect things to get a bit better’ says chief executive Stuart Machin

The ONS has published examples of how the annual rate of inflation for everyday food and drink items has risen or fallen in the past year

Consumers are continuing to face soaring prices for cupboard essentials, even as overall inflation eases.

Energy prices have fallen, and farming and manufacturing costs have eased, so why are food prices still accelerating?

Food inflation is at its second highest level in nearly 50 years.

Core inflation rose to its highest level in 30 years

Inflation may be down but food inflation - which includes both food and non-alcoholic drinks - remained close to its 45-year peak at 19.1% easing slightly from the 19.2% recorded last month

June S&P 500 futures (ESM23) are trending down -0.33% this morning after three major U.S. benchmark indices finished the regular session solidly lower as worries about a potential U.S. default hurt risk sentiment, while market participants also waited for minutes from the Federal Reserve’s last meeting.

Today's inflation figure is higher than predicted as many believed the inflation rate would drop as low as 8.2% - while it may sound like good news, experts have issued a warning

Official figures show that inflation in the U.K. has fallen to its lowest level since the immediate aftermath of Russia’s invasion of Ukraine which caused energy and food costs to surge

From olive oil to jam and clothing to transport, how costs have soared