Lower inflation figures won’t help Jeremy Hunt
The Chancellor is trapped: convincing voters the economy is improving, while acknowledging they do not feel it.
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.
The truth about Sleepy Joe
Bidenomics is working far better than our government’s lack of an economic plan.
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Pledge tracker: Rishi Sunak misses key targets
As the year draws to a close, it is clear that Sunak cannot claim to have met the majority of…
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Inflation can’t be blamed on a “wage-price spiral”
While tight monetary policy is squeezing demand, new research by the IPPR and Common Wealth shows corporate margins are ballooning.
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The four big myths of Jeremy Hunt’s Autumn Statement
The government hasn’t cut taxes for workers and it can’t take credit for lower inflation.
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Would public sector pay rises cause inflation?
Steve Barclay claimed higher pay for public sector workers "would not be consistent with bringing the inflation target down." He’s…
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The triple lock is an economic absurdity
Ending an expensive and haphazard pension system would be an act of fiscal sanity.
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Inflation down, pay up? Don’t believe the hype
Today’s inflation figures show price increases were slightly outpaced by wage growth. But Britain is still in its long recovery…
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Is anybody running the Bank of England?
It’s the young and poor who pay for their relentless hike of interest rates.
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Adam Posen: “Brexit is a trade war by the UK on itself”
The US economist and former Monetary Policy Committee member on how Britain became so poor and where Labour is going…
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Is the Bank of England raising interest rates too far?
The base rate has risen to 5.25 per cent. Will it do more harm than good?
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The Bank of England has lots more pain to inflict
Inflation is rising less fast than expected – but that may not be much help.
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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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