Live coverage of business, economics and financial markets
The headline inflation reading supports the interpretation (see opening post) that price pressures are easing in the UK.
Here is the ONS’s graph showing that trajectory, starting in 2014. Inflation spiked in 2022 after Russia’s full-scale invasion rocked global energy markets, before falling back as those increases faded.
The largest upward contribution to the monthly change in both CPIH and CPI annual rates came from housing and household services (principally higher gas and electricity charges), while the largest downward contribution came from furniture and household goods, and food and non-alcoholic beverages.
Continue reading…Live coverage of business, economics and financial marketsThe headline inflation reading supports the interpretation (see opening post) that price pressures are easing in the UK.Here is the ONS’s graph showing that trajectory, starting in 2014. Inflation spiked in 2022 after Russia’s full-scale invasion rocked global energy markets, before falling back as those increases faded.The largest upward contribution to the monthly change in both CPIH and CPI annual rates came from housing and household services (principally higher gas and electricity charges), while the largest downward contribution came from furniture and household goods, and food and non-alcoholic beverages. Continue reading…
