The Latest Breaking News from Inflation

It comes after experts warned that inflation could peak at 15 per cent

The dire economic conditions will see real household incomes drop for two years in a row, the first time this has happened since records began in the 1960s, according to the Bank's forecasters

Country to enter recession this year and economy on course to shrink for five straight quarters

Poll earlier had revealed almost two thirds of the public worried by rising rates

The Bank of England (BoE) this afternoon confirmed its base rate will rise from 1.75% to 2.25% - its highest level in 14 years and the seventh time in a row the central bank has upped its rate

The Bank of England has today confirmed it is hiking interest rates from 1.25% to 1.75% - a rise of 0.5 percentage points and the biggest rise in 27 years from the central bank

Nepal's government said on Thursday it will hold a parliamentary election on November 20 amid concerns over high inflation and depleted foreign exchange reserves that have led to rising food and energy prices.

Chancellor Nadhim Zahawi said to be on holiday as Bank of England adds to dire economic outlook

The Bank of England has raised its base rate by 0.5 percentage points, the largest single upward jump in 27 years. It takes the base rate to 1.75%, its highest level since 2008. This latest interest rate hike will affect personal finances and reflects the Bank’s efforts to control rampant…