The Latest Breaking News from Office for National Statistics

The owner of cake brand Mr Kipling has warned that it will have to put up prices for shoppers, with brands Oxo, Sharwoods and Ambrosia also affected by the move

That it was predicted makes it no less painful. Inflation has hit a 40-year high, driven largely by soaring fuel costs. And prices are set to rise further still. Figures from the Office for National Statistics show inflation reached nine per cent in April, its highest level since 1982. The…

And there's a new county hot spot where price increases have been the highest and another record breaking national average

The average house price has increased over the year to March 2022

Labour leader Sir Keir Starmer has urged the Prime Minister to stop the “hokey-cokey” and back Labour’s plan to bring in a windfall tax on energy firms at PMQs.

Property values in mainly rural areas have risen by 29% over the past five years, while those in predominantly urban areas have increased by 18%.

The annual rate of house price growth slowed to 9.8% in March, the Office for National Statistics said.

Inflation rose to 9% in April - a new 40-year high - as households battled against rising energy bills as the new Ofgem price cap came into effect, adding to the cost of living crisis

UK inflation fell this week as fuel prices dropped

Inflation has reached an all-time high at 9%, according to the Office for National Statistics

Spiralling inflation, fuelled by rising petrol and food prices, is hitting the pockets of UK households with the invasion of Ukraine being blamed for rising oil prices