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Tag Archives: Office for National Statistics

Utility costs push inflation up to 2.2%

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The Annual Consumer Prices Index (CPI) inflation rate rose by 2.2% in the 12 months to July 2024, up from the 2% Bank of England target achieved in June.

UK economy rebounds in May

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The UK economy has grown by 0.4% in May after showing no growth in April, the Office for National Statistics (ONS) reported.

Retail sales rise 2.9% in May

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The Office for National Statistics (ONS) has released its retail sales figures for May, illustrating a sharp rise of 2.9%, compared with 1.8% decline in April caused by wet weather.

Inflation hits Bank of England’s 2% target

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Annual Consumer Prices Index (CPI) inflation rate rose by 2% in the 12 months to May 2024, hitting the Bank of England's target for the first time since July 2021.

Retail sales suffer in April

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Data from the Office for National Statistics (ONS) found that retail sales volumes fell by 2.3% in April as poor weather reduced footfall.

Retail sales flatline in March

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Retail sales volumes remained flat in March, following an increase of 0.1% in February, new data from the Office for National Statistics (ONS) shows.

Inflation loosens grip

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Annual Consumer Prices Index (CPI) inflation rate increased by 3.2% in the 12 months to March 2024, down from 3.4% in February, the Office for National Statistics announced today (17 April).