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.
Tag Archives: Office for National Statistics
Shoplifting at record high with an average of 1,200 thefts a day
The latest figures from the Office for National Statistics (ONS) show shoplifting at its highest level in 20 years.
Sportswear offsets rising prices but inflation remains flat
Women's sports shorts and leggings have been credited with "making particularly strong downward contributions" to the inflation rate in clothing and footwear by the Office for National Statistics (ONS).
UK economy rebounds in May
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
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
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
Data from the Office for National Statistics (ONS) found that retail sales volumes fell by 2.3% in April as poor weather reduced footfall.
Inflation inches towards Bank of England target
Annual Consumer Prices Index (CPI) inflation rate rose by 2.3% in the 12 months to April 2024, inching towards the Bank of England's target of 2%.
Retail sales flatline in March
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
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).