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The Latest Breaking News from Inflation

Why are UK food prices up by 19% – and which foods are worst affected?

Sugar, sauces, milk and cheese – we look at what is behind the March food inflation figure and if there is hope on the horizon

The Guardian - UK

UK house price growth slows as rental price increases accelerate

Buyers’ worries about rising living costs persist, while sellers seem more open to negotiation

Evening Standard

London politics LIVE: Starmer claims Tories let criminals ‘go free’ as Sunak brands Labour leader ‘Sir Softy’ at PMQs

Rishi Sunak and Sir Keir Starmer have clashed over the justice system and crime at Prime Minister’s Questions.

Evening Standard

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Inflation: Milk prices up 38% and sugar 42% amid fear of new interest rate rise

We’re still on track, says Hunt despite surge in food prices

Evening Standard

What today's dip in inflation means for your money and when prices will fall

Prices are still rising, but slightly less slowly

Wales Online

City predicts 5% interest rates by August after double-digit inflation shock

Today’s disappointingly small drop inflation sent economists scrambling to revise their forecasts

Evening Standard

Inflation crimps Eid festivities for Karachi orphans

Women pedal sewing machines, deftly lining up seams and pleats as they assemble brightly coloured dresses for young girls at an orphanage in Pakistan, in preparation for Eid al-Fitr, which ends the Muslim fasting month of Ramadan.

Reuters

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German unions to hit railway, airports with new strikes

A German labor union is calling for railway workers to stage an eight-hour strike on Friday to back calls for an inflation-busting pay raise

The Independent UK

Stock Index Futures Plunge on Pressure from Rising Bond Yields, Tesla Earnings on Tap

June S&P 500 futures (ESM23) are down -0.46%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.76% this morning after three major U.S. benchmark indices struggled for direction on Tuesday as investors weighed the latest batch of earnings reports and comments from two Federal Reserve officials.

Barchart

Food inflation 'spiralling out of control' because of Tory failures, say SNP

GROCERY inflation is spiralling out of control as the Tories continue to fail to get a grip on the cost of living crisis, the SNP has warned.

The National (Scotland)

Annual rate of house price growth slows as rental price increases accelerate

Home buyers’ worries about rising living costs persist and sellers are open to negotiation, housing market experts said.

The Independent UK

Stock Index Futures Slip as Bond Yields Climb, Tesla Earnings on Tap

Barchart

7 goods and services where inflation was LOWER in March - as price of fuel falls

The CPI measure of inflation tracks how prices have changed over 12 months and the drops in inflation doesn't mean that prices are falling, but just that the rate of price rises is slowing

Daily Mirror

Inflation slows slightly, but food prices rise at fastest rate for 45 years

The continued high level of inflation is likely to keep pressure on the Bank of England regarding interest rates

Insider UK

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Wales Online

Food prices are rising at their fastest rate in more than 45 years

The price of food and drink continues to soar despite a drop in inflation

Daily Record

How inflation drop to 10.1% will impact your household budget, savings and mortgages over next few weeks

Inflation remains higher than experts predicted as food and drink prices continue to soar.

The Guardian - UK

UK inflation: which goods and services have risen most in price?

From sugar to bread, electricity to pet products, how costs have soared

Asharq Al-Awsat

UK Inflation, Highest in Western Europe, Falls Only a Little in March

Britain now has Western Europe's highest rate of consumer price inflation after it fell by less than expected in March to 10.1% in March from February's 10.4%, official data showed on Wednesday. Economists polled by Reuters had forecast that the annual CPI rate would drop to 9.8% in March, moving…

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The Independent UK

Inflation slows slightly but food prices surge at 45-year high

The Office for National Statistics revealed that Consumer Prices Index inflation fell to 10.1% in March from 10.4% in February.

The Independent UK

Interest rates set to hit 5 per cent in blow to homeowners as double digit inflation persists

The shock figure also raised questions about Rishi Sunak’s promise to halve inflation by the end of the year

The Guardian - UK

Bank of England expected to raise interest rates again after UK inflation only dips to 10.1% – as it happened

UK inflation failed to drop into single-digit levels last month as food prices kept soaring, meaning central bank expected to raise borrowing costs again

Evening Standard

Inflation eases slightly but remains in double figures at 10.1%

The announcement will come as a serious setback to Rishi Sunak’s pledge to halve inflation by the end of the year

Wales Online

Inflation drops in latest update - but remains in double figures

The rate had unexpectedly risen in February

The Guardian - UK

UK inflation falls by less than expected as food prices soar by 19.1%

Annual rate as measured by consumer prices index dropped to 10.1% in March, says ONS

Daily Mirror

Inflation falls to 10.1% but price of basic foods hits record high - what it means for you

UK inflation fell to 10.1% in March - this is down from the 10.4% and surprise jump that was recorded in February, the Office for National Statistics (ONS) said this morning

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