The Latest Breaking News from Inflation

The cut came after the Bank’s rate-setting committee was forced to take a second vote for the first time in its history.

The reduction is the fifth over the past year and brings borrowing costs down to their lowest since March 2023

The annual cost-of-living adjustments (COLAs) for Social Security are anticipated to provide retirees with a modest increase in benefits in 2026. However, this may not be enough to keep up with the rising costs that retirees face.

Editor's Note: This story has been updated to include the latest economic data and futures figures.

Quarter-point reduction expected, with City investors predicting a three-way split among rate setters

The Bank of England is widely expected to cut its key interest rate Thursday, with policymakers mindful of US tariffs and their potential risks to an already-struggling UK economy.

You’re spending the same—or more—but getting less. That’s shrinkflation in action, and it’s everywhere right now. While inflation raises prices outright, shrinkflation takes a sneakier route by reducing package sizes, quantities, or quality without changing the price tag. From chips to toilet paper, manufacturers are quietly trimming down products, hoping…

Explore how rental shortages and high rents are contributing to keeping inflation stubbornly high -- and what it means for interest rates and affordability.

Climate change is pushing up the prices of the food that we buy and therefore changing what we eat. One-third of UK food price increases in 2023 resulted from climate change, according to research by agricultural economists. This extra cost contributed to food price inflation and the UK’s cost-of-living crisis.

Deb Boyden, head of U.S. Defined Contribution at the $750 billion asset manager Schroders, offers takeaways from today's retirees.

Trump's secondary tariffs on Russia's oil buyers like China, India could disrupt global markets, spike oil to $120, and fuel inflation.