Why public sector pay rises are actually cuts
Higher inflation cancels out offers for nurses, doctors, teachers and dentists.
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.
Why your flights keep getting cancelled
Class conflict is back, but without the working class.
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The 2022 summer of strikes is about to get worse
Anger and frustration with the government are combining with inflation to create a new flashpoint for industrial action.
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Whoever the next prime minister is will inherit a nightmare
Britain is a place of healthcare limbo, staff shortages and scary prices. Whoever succeeds Boris Johnson will need to find…
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Russia’s threat to the global financial order is also our chance to build a new one
Is the international economic system unravelling, or is this a moment of transformation?
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Why the UK is in a race to outrun persistent inflation
Those enjoying strawberries and cream beneath their plastic ponchos at Wimbledon this year may be unaware that they are taking…
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Even as a young Tory, I feel like this government is out to get me
If young people can’t put down roots or accumulate capital, they can’t experience the fundamental aspects of life that make…
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“We don’t want to see NHS strikes”: Wes Streeting and Rachel Reeves on Labour in an age of inflation
The shadow chancellor and shadow health secretary open up about the opposition’s plan for the economy.
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Biden’s cure for inflation shouldn’t be harsher than the disease
With US inflation at its highest level since 1981, the short-term electoral future of the Democrats relies on the president…
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This could be the labour movement’s summer of glory
We should expect more trade union strikes, and the possibility of a break with our dysfunctional economic order.
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Stop telling people not to ask for a pay increase
Ministers are breezily talking about removing the cap on bankers’ bonuses. Restraint for thee; bonanza for me.
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Labour must end its denial over Brexit
Leaving the EU has been an economic and geopolitical disaster for the UK – when will Keir Starmer say so?
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Is Brexit to blame for the UK’s extra inflation?
Inflation in the UK has reached 9.1 per cent; economists say life outside the EU could make these conditions more…
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Could a new debt crisis split the eurozone?
Fears that Italy will struggle to repay lenders are troubling central bankers, caught between prudent countries and big spenders.
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Inflation will be far higher for the poorest Britons
Lower-income households are hit much harder by rises in gas and electricity bills.
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Why the UK should prepare for a spike in food prices
Record-high food inflation could lead to more families on lower incomes skipping meals.
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Is recession the Bank of England’s only choice?
UK and US central banks are faced with a dilemma: allow inflation to keep rising, or hike interest rates to…
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Britain is once again the sick man of Europe
The UK is predicted to record the worst economic growth of any major country except Russia next year. What has…
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China’s never-ending Covid lockdown story
Parts of Shanghai have again been put under lockdown restrictions, with further implications for the global cost-of-living crisis.
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Crisis calls for a new economic paradigm
Just as rising prices and flagging growth did away with Keynesianism in the 1970s, so today they are killing of…
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