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The inflation rate in the UK has slightly gone up for the first time this year deviating from the 2% rate seen in recent months. Recent official data shows a 2.2% increase in prices in July surpassing the Bank of England’s 2% target…
For the first time in nearly three years, the UK’s inflation rate has hit the Bank of England’s target of 2%. Official figures released show that prices rose at an annual rate of 2% in May, down from 2.3% in April. This milestone is seen as a…
In a significant development for the UK economy, inflation has dropped to 2.3%, marking its lowest level in nearly three years. This decrease, just above the Bank of England’s target of 2%…
The UK saw a significant drop in its inflation rate to 3.4% in February, marking the lowest level in nearly two and a half years. This decline from January’s 4% has been largely attributed to a slower pace of food price rises…
Inflation in the United Kingdom remained at 4% in January, defying expectations of a modest rise to 4.2%, according to official figures released by the Office for National Statistics. This stability, though surprising to many economists, was attributed to lower food prices, which offset the escalating costs of gas and
The UK’s inflation rate climbed to 4% in December, marking a 0.1% increase from the previous month’s 3.9%, but what does this mean for the property market?
