Breaking down 2024 inflation
Inflation fell in 2024, dropping to 2.5% from 4.0% in 2023. So why didn’t it feel like that?
The inflation shopping basket – Out goes hand sanitiser, in comes vinyl…
The Office for National Statistics (ONS) has been sorting through its inflation shopping basket.
Inflation pledge met, but what’s next?
The Prime Minister has met his pledge of halving inflation, but we’re not out of the woods yet.
The inflation puzzle of 2022
Annual inflation in 2022 was 10.5%, but not all components rose by double digits.
2023 inflation forecast: The only way is down?
Inflation surged in 2022, but can it reverse in 2023? Source: ONS, Eurostat, BLS. Inflation forecasters were way off target for 2022. For example: • In December 2021, the Bank of England’s Monetary Policy Committee said “CPI inflation was expected…