Kevin Peachey Cost of living correspondent Getty Images The rate of rising prices – inflation – has eased for the second month in a row, official figures show. In March, prices rose at an annual rate of 2.6%, far slower than the 11% inflation peak seen in 2022. Petrol and toy prices have fallen, a...
Faarea Masud BBC Business reporter Getty Images Falling petrol prices drove UK inflation down by more than expected in the year to March. Inflation was 2.6%, down from a rate of 2.8% in February, according to official data. But the fall may only be temporary as analysts say it’s expected to spike from April as...
An analysis of Trump’s tariffs shows they will cost the typical US family around $3,800 in extra spending per year. In a Truth Social post on Monday, President Donald Trump falsely insinuated that his administration’s across-the-board tariffs on dozens of countries wouldn’t affect consumer costs in the U.S., and that prices of commonly purchased goods...
UK inflation fell by more than expected in February, driven by a drop in the prices of clothes and shoes. Inflation decreased to 2.8%, down from a rate of 3% in January, according to the Office for National Statistics (ONS). The latest figures come ahead of Chancellor Rachel Reeves’ Spring Statement, where she will set...
