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Higher-than-inflation rises add to pressure on consumers facing steep price increases for foodFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastKFC is pushing up prices at…
While the rate has fallen from its October peak of 11.1%, the figure for May remains stubbornly highUK inflation remained stubbornly high in May at 8.7% – the same as the previous month, despite a string of forecasts earlier this year predicting a shar…
Kantar survey is released day before official figures expected to show a slight easing in UK inflation rateBusiness live – latest updatesSupermarkets are increasingly pricing budget items at £1.25 rather than £1 as retailers balance attempts to draw in…
Prime minister says no new support available for households struggling to pay loans Business live – latest updatesRishi Sunak has ruled out extra help for UK homeowners struggling to pay soaring mortgage costs, as the average two-year fixed-rate loan r…
Members in marginal seats fear Conservative party leaders have not understood the impact of rate risesTory MPs in marginal seats are already sounding the alarm over an “interest rate catastrophe”, amid claims that the party has not understood the impac…
The midweek inflation bulletin could be the most significant piece of government data published this yearThis Wednesday will mark the longest day of the year and not long after the sun comes up the Office for National Statistics (ONS) will publish its …
Mark Carney says Bank’s negative predictions about consequences of leaving EU ‘proven to be the case’Brexit is to blame for the soaring inflation driving the cost of living crisis in the UK, a former governor of the Bank of England has said.Mark Carney…
Ken Murphy says higher costs of grocery imports because of Brexit are partly to blame for rising prices The chief executive of Tesco has said food inflation has probably peaked but warns that prices are likely to stay high.Ken Murphy, the head of the U…
President Tinubu’s policies please foreign investors, but a devalued currency and soaring petrol prices mean ‘national sacrifice mode’ is widely unpopularNigerians are feeling the strain as their new president pushes through a series of unpopular polic…
Move marks eighth successive rise, highlighting struggle to cool price rises amid juddering growthBusiness live – latest updatesThe European Central Bank has raised eurozone interest rates by a quarter-percentage point to the highest level since 2001 a…