From the NS archive: Living with inflation
18 August 1972: Save those old tenners, they’ll do for wallpaper.
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.
It’s time to stop kidding ourselves the Bank of England can control inflation
Only the government can administer the required medicine of subsidies and price controls.
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Rishi Sunak cannot save the housing market
The Prime Minister has done more than most to encourage new buyers into a needlessly overheated market.
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There is no mandate for austerity 2.0 – we need a general election now
The 2019 Tory manifesto promises of extra NHS and school funding now read like a joke.
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Which Tory leader would Labour fear the most?
The economic crisis means Team Starmer believes the Tories will struggle under any new leader.
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Whatever Liz Truss says about welfare cuts, benefits are already in tatters
The Prime Minister may change her mind and raise Universal Credit with inflation, but the damage has been done in…
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How benefits payments have failed to keep pace with inflation
The standard monthly welfare payment is now £52 lower in real terms than in 2010.
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How Brexit broke the UK’s fiscal credibility
The UK's financial crisis is the product of years spent ignoring economists and businesses.
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Is your pension safe?
Pension funds have been affected by the turmoil in gilt markets, but individual savers shouldn’t be too worried.
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The true cost of Liz Truss’s energy plan is dizzying
It may provide a quick boost for the new Prime Minister, but her intervention could prolong the cost-of-living crisis for…
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Zombie capitalism is unravelling
This crisis is a symptom of a broken model that relied on ultra-low rates to compensate for anaemic growth.
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The Bank of England has been forced into a dangerous position
If investors believe the Bank is no longer able to control monetary policy, the UK’s economic crisis will deepen.
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Labour shouldn’t celebrate the Tories’ economic failures
If Keir Starmer wins the next election turmoil could ruin the ambitions he is setting out at his party conference.
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The UK is heading for an economic calamity
Kwasi Kwarteng’s reckless Budget is set to trigger a surge in interest rates that will hurt households when they can…
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Kwasi Kwarteng’s plan for growth was a bad idea 50 years ago
Anthony Barber thought he could make huge tax cuts without encouraging inflation. He was proved wrong.
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The meaning of Trussonomics: prevent a recession, then stake everything on growth
All governments want higher growth but few put the incentives in place to achieve it.
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Inflation may have fallen, but the cost-of-living crisis is far from over
Prices are still rising at nearly the highest rate for 40 years and far outstripping wage growth.
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The government ignores striking dockers at its peril
Strikes at container ports such as Felixstowe have a unique effect on inflation in the UK.
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From energy prices to inflation: how Liz Truss plans to tackle the economy
The new Prime Minister will take charge of a country facing huge economic challenges.
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Trussonomics explained: Can Liz Truss save the economy?
There is no reason to believe that Liz Truss's tax policy would pay for itself or reduce inflation.
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