The Bank of England has lots more pain to inflict
Inflation is rising less fast than expected – but that may not be much help.
ByInflation
Inflation describes how much prices of goods and services are increasing (if they’re decreasing, this is known as deflation). In the UK the main measure of inflation is the Consumer Prices Index. The Office for National Statistics tracks the cost of living through the prices of items in a hypothetical “basket of goods” that includes everyday products and services. Here you can find all of our latest news, analysis and comment about inflation.
Labour and the Tories have more in common than they say
Both parties are committed to spending restraint and neither has a compelling plan for growth.
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Partner content
Why collaboration is the key to growth
A New Statesman event on the UK economy brought government and opposition politicians face to face with industry leaders.
The algorithms quietly stoking inflation
The prices of most goods are not set by humans, but by automatic processes set to maximise their owners’ gains.
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The Bank of England is complicit in the Tories’ economic failures
Andrew Bailey incurs the public’s wrath for today’s economic pain, but his predecessors have questions to answer as well.
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Broke Britannia
Britain is trapped in a cycle of inflation and economic pain. What will it take to break it?
By The illusion of prosperity is over
Politicians can no longer count on low inflation to mask the structural flaws of the British economy.
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Sunak’s inflation bind
In trying to reshape the political narrative over pay rises, the Prime Minister risks looking dishonest.
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Can Labour afford to be ambitious?
As the era of cheap money ends, the party needs to get radical on tax.
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Rishi Sunak’s inflation pledge backfires
Mortgage costs rocket as rising prices show little sign of abating.
Andrew Bailey must go
The Bank of England has no hope of regaining trust under its current governor.
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Sunak’s target to halve inflation is even worse than Tories think
Voters aren’t clear what it means.
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The UK’s mortgage time bomb is now ticking louder than ever
By the next election, housing will represent either a higher long-term cost or a damaged investment for almost everyone in…
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Why has the UK so far avoided recession?
Consumer spending, government support and lower energy prices have propped up growth.
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Higher UK bond yields do not prove that Liz Truss was right
Unlike his predecessor, Rishi Sunak has not lost the confidence of the markets.
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The markets are having their revenge on Rishi Sunak
Investors continue to charge a “moron premium” for the UK’s economic mismanagement.
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Welcome to the cost-of-adaptation crisis
Climate change is disrupting the food systems we rely on – and the free market offers no solutions.
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The age of greedflation
How corporate profiteering is making us poorer.
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Rebuilding industry is a mistake. The West should focus on economic alliances instead
Joe Biden’s Inflation Reduction Act is laudable, but decades of decline cannot be reversed in a single presidential term.
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We’re getting poorer at a slightly slower rate than last month
Inflation has fallen to 8.7 per cent, but prices – especially food – are still rising dangerously.
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