US inflation comes in ahead of expectations again as markets grow nervy about Fed rate cuts March 12, 2024 According to figures from the Bureau of Labor Statistics, prices rose 0.4 per cent in February, higher than the 0.3 per cent expected by economists.
FTSE 100 close: London markets move higher after boost from US inflation figures February 29, 2024 London markets moved higher on a busy morning of corporate results, with shares in Ocado and Haleon both rising significantly.
From Rwanda to inflation, Sunak has tied himself to pledges he can’t control November 16, 2023 Cutting both immigration and inflation are two of Sunak’s cornerstone pledges, but the PM is struggling to wrest the former under control even as he amps up the rhetoric, writes Simon Neville
Bank of England and Rishi Sunak fail to win over investors on inflation fight June 27, 2023 Investors are sweating over Britain’s inflation problem running out of control and the Bank of England being unable to solve it any time soon, exclusive research for City A.M. has revealed. More than a year of raging prices has eroded confidence in policymakers’ ability to ease the cost of living crisis. Some 56 per cent [...]
Food inflation cools but Russia’s exit from grain deal poses threat to prices August 29, 2023 Food inflation cooled once again in August, new figures out today show, in a sign that cost of living pressures in the UK are gradually starting to ease. Food inflation fell to 11.6 per cent in August, down from 14.3 per cent in July, according to fresh figures from the British Retail Consortium (BRC). However, [...]
Whole Foods: Inflation takes bite out of Amazon owned grocery store June 25, 2023 The Amazon-owned UK division of Whole Foods has seen a rapid decline in earnings for the year as soaring inflation makes Brits hesitant to fork out on its pricey goods. Whole Foods UK reported operating losses of £26.9m up from £17.2m the prior year and its sales also fell to £91.6m down from £94.3m. Amazon [...]
Outrageous raging inflation, and the distortion of CPI October 5, 2022 This week, Dr Chris Kacher pours scorn on CPI while speculating on what might happen if quantitive easing is introduced again.
Falling in time for Christmas: Grocery inflation down to single digits for the first time in 16 months November 7, 2023 Despite the milestone, consumers are only seeing year-on-year price falls in a limited number of categories, including butter, dried pasta and milk.
Britain’s renters are the real victims of this inflation and interest rate crunch April 25, 2023 People doubtless would’ve gasped at headlines last week about UK interest rates being on course for five per cent. Such a path looked implausible in March when Silicon Valley Bank’s collapse and Credit Suisse’s shotgun marriage to UBS sparked fears of a financial market meltdown. After those events, traders trimmed their expectations of how much more [...]
Shares in UK housebuilders slump as inflation woes increase prospect of rate hikes June 21, 2023 Shares in some of the UK’s biggest housebuilders closed down today after Berkeley Group warned that its sales could fall by up to 20 per cent as rising mortgage rates rock the housing market. Berkeley’s share price fell around 3 per cent this morning following its announcement, but recovered slightly closing down 1.56 per cent. [...]