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Drop in November annual rate adds to case for Bank of England cut to interest rates on ThursdayBusiness live – latest updatesUK inflation fell by more than expected in November amid a slowdown in food prices, official figures show, strengthening the ca…
From choosing frozen turkey to shopping supermarket specials, the traditional meal need not break the household budgetFigures show that the total cost of the all-important Christmas dinner is up 5% on a year ago, with the price of important elements su…
The US president made baseless claims during remarks on cost of living that meandered into racism and bigotryDonald Trump made a series of false and baseless claims in Pennsylvania on Tuesday during a speech that was billed as an address on affordabili…
In a boost for Rachel Reeves, deputy governor says analysis shows her policies will lower annual rate next year The Bank of England expects Rachel Reeves’s budget will reduce the UK’s headline inflation rate by as much as half a percentage point next y…
Discounts started earlier than usual as competition for customers hit ‘fever pitch’, says British Retail ConsortiumCompetition between retailers seeking to entice customers with early Black Friday deals led to a slowdown in shop price rises during Nove…
Bureau of Labor Statistics canceled release of October’s consumer price index, citing the government shutdownThe US federal government will not publish official data on inflation for October, depriving policymakers at the Federal Reserve of key informa…
Officials are reportedly taking their time on US president’s long-promised chips plan to avoid a rupture with ChinaUS officials are privately saying that they might not levy long-promised semiconductor tariffs soon, potentially delaying a centerpiece o…
Rachel Reeves hints there will be budget measures to push down prices and Bank of England is likely to actUK inflation eases to 3.6% before crunch budgetBusiness live – latest updatesAfter three months on a high plateau, inflation is beginning to ease …
Drop in October’s annual rate raises hopes of interest rate cut after Rachel Reeves’s tax and spending statementFall looks like turning point that heralds interest rate cutBusiness live – latest updatesUK inflation fell to 3.6% in October, easing the p…
Public spending can drive inflation, but from healthcare to education, Australians expect more and better public services – and Labor providedGet our breaking news email, free app or daily news podcastInflation is back, rate cuts are off the menu, and …