December is the seventh consecutive month in which inflation topped 5%, a blow to the Biden administration and Federal ReserveThe price of goods and services in the US continue to rise at rates unseen in decades, jumping 7% in December compared to the …
UK inflation: tell us what price rises you’ve seen on goods and services
We would like to hear about any increases in goods, services or items you have spotted in the UKDue to the pandemic, households in the UK have been hit by the highest rate of inflation for a decade with it hitting 5.1% in November 2021.We would like to…
PMQs: Boris Johnson and Angela Rayner clash over energy prices and inflation
Prime minister talks up rising employment and makes false claims over inflationBoris Johnson and Angela Rayner have clashed over energy prices and the wider cost of living in the first prime minister’s questions of the year, during which Johnson made a…
Ikea hoists its prices and blames Covid supply pressures
Post-Christmas price rises of as much as 50% attributed to cost increases across supply chainIkea has increased the price of its flat-pack furniture by up to 50%, blaming supply chain costs caused by Covid-19, in a move that will further stoke growing …
Essential workers thousand of pounds worse off than a decade ago, TUC says
Nurses, care home staff and police officers have had real pay cuts since 2010 as wages lag behind pricesNurses, care home staff and police officers working on Christmas Day will be thousands of pounds worse off than they were a decade ago as a result o…
Markets think Omicron plan B will delay rise in UK interest rates
Fears of economic slowdown mean Bank of England less likely to intervene to dampen inflationCoronavirus – latest updatesSee all our coronavirus coverageNew restrictions to limit the spread of the Omicron variant will delay an interest rate increase fro…
In Japan, Snacks Keep Getting Smaller And It Sucks
In fall 2020, Kit-Kats were released in Japan at a smaller size. At the time, as YouTuber PDS points out, Nestlé said the smaller size was for customers worried about sugar and calories. Maybe that’s true, but in Japan, snacks have been getting smaller…
Petrol retailers warn of record prices at UK pumps within days; inflation dips – business live
Rolling coverage of the latest economic and financial newsLatest: Petrol prices on brink of record, says PRAPensions set to rise 3.1% next year after inflation dataFacebook fined £50m by CMAIntroduction: UK inflation dipped to 3.1% in September, but st…
Average UK house price rises by £25,000 in a year
Cost of a home climbed in every region in 12 months to August, with prices in London rising to £526,000The average cost of a UK home increased by £25,000 in the 12 months to August, official figures show, with rises recorded in all regions.The annual r…
Why September’s dip in UK inflation may be a false dawn
Analysis: Covid support schemes have distorted official data and experts fear inflation will resume its ascentUK inflation falls despite supply crisis and rising petrol pricesCoronavirus – latest updatesJust when everyone was preparing for a stratosphe…