Tag #Uk Inflation

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Unexpected Drop in UK Inflation to 2.8% in February

UK inflation fell to 2.8% in February, lower than the expected 2.9%, primarily due to unusually high clothing sales that drove down prices for clothing and footwear, but this is still above the Bank of England's 2% target, with further price increases expected in April.

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44% Bias Score

Reduced Inequality
news.sky.com
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UK Inflation Hits Nearly Year-High at 3%, Dampening Rate Cut Hopes

UK inflation unexpectedly rose to 3% in January, the highest in nearly a year, exceeding forecasts and driven by increased transport, food, and private school fees; this reduces the likelihood of immediate interest rate cuts.

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48% Bias Score

No Poverty
abcnews.go.com
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UK Inflation Spikes to 10-Month High, Jeopardizing Rate Cuts

UK inflation hit a 10-month high of 3% in January 2024, exceeding forecasts and the Bank of England's target, primarily due to increased airfares, food costs, and school fees following a new sales tax, potentially impacting the Labour government's economic agenda and future interest rate decisions.

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44% Bias Score

Reduced Inequality
dailymail.co.uk
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UK Inflation Rises to 2.6% in November

UK inflation rose to 2.6 percent in November, driven by increased petrol and tobacco prices, partially offset by lower airfares; this follows October's 2.3 percent figure and adds pressure to Chancellor Rachel Reeves.

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44% Bias Score

No Poverty
bbc.com
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UK Inflation Rises to 2.6%, Interest Rates Unlikely to Fall

UK inflation increased to 2.6% in November, the fastest rate since March, due to higher petrol, diesel, tobacco, and other goods prices; despite this, the Bank of England is not expected to cut interest rates due to wage growth, though prices will likely remain higher than before.

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36% Bias Score

Reduced Inequality
euronews.com
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UK Inflation Hits Highest Level Since March

UK inflation increased to 2.6% in November, the highest since March due to rising fuel prices, exceeding the Bank of England's 2% target and likely maintaining the current 4.75% interest rate.

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36% Bias Score

Reduced Inequality
dailymail.co.uk
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UK Inflation Soars to Ten-Month High Amidst Labour's School Tax

UK inflation hit a ten-month high of 3 percent in January, exceeding forecasts, largely due to Labour's new tax on private schools, increased energy and food costs, and business price increases in anticipation of higher operating costs. This has led to concerns about stagflation and higher mortgage ...

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56% Bias Score

Reduced Inequality
bbc.com
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UK Inflation Jumps to 3% Amid Rising Food and Energy Costs

UK inflation unexpectedly jumped to 3% in January 2024, the fastest rate in 10 months, driven by rising food prices (up 3.3%), airfares, and a 13% increase in private school fees due to VAT; this comes before further increases in energy, water, and council tax bills in April, exacerbating the cost-o...

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44% Bias Score

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theguardian.com
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UK Inflation Unexpectedly Rises to 3% in January

UK inflation unexpectedly rose to 3% in January, exceeding forecasts and driven by higher food and education costs, impacting worker wages and reducing the likelihood of an immediate interest rate cut.

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44% Bias Score

No Poverty
theglobeandmail.com
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UK Inflation Reaches Eight-Month High at 2.6 Percent

UK inflation hit a eight-month high of 2.6 percent in November, exceeding the Bank of England's 2 percent target, driven by transport costs, though services inflation remained steady at 5 percent, offering some relief to the central bank.

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32% Bias Score

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theguardian.com
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UK Inflation Rises to 2.6%, Dashes Rate Cut Hopes

UK inflation hit 2.6% in November, fueled by rising transport and core prices, dashing hopes for a rate cut and posing challenges for policymakers as wage growth adds to inflationary pressures.

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40% Bias Score

No Poverty
cnbc.com
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UK Inflation Rises to 2.6% in November

UK inflation climbed to 2.6% in November, exceeding September's three-and-a-half-year low of 1.7%, driven by rising energy prices, a tight labor market, and recent government spending increases; the Bank of England is unlikely to cut interest rates in December.

Progress

36% Bias Score

Reduced Inequality

Showing 13 to 24 of 25 results