The Latest Breaking News from Inflation

UK interest rates have been cut to their lowest level since March 2023, despite the Bank of England predicting a sharp rise in inflation amid…

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Editor's Note: This story has been updated to include the latest economic data and futures figures.

Quarter-point reduction expected, with City investors predicting a three-way split among rate setters

The Bank of England is widely expected to cut its key interest rate Thursday, with policymakers mindful of US tariffs and their potential risks to an already-struggling UK economy.

You’re spending the same—or more—but getting less. That’s shrinkflation in action, and it’s everywhere right now. While inflation raises prices outright, shrinkflation takes a sneakier route by reducing package sizes, quantities, or quality without changing the price tag. From chips to toilet paper, manufacturers are quietly trimming down products, hoping…

Explore how rental shortages and high rents are contributing to keeping inflation stubbornly high -- and what it means for interest rates and affordability.

Climate change is pushing up the prices of the food that we buy and therefore changing what we eat. One-third of UK food price increases in 2023 resulted from climate change, according to research by agricultural economists. This extra cost contributed to food price inflation and the UK’s cost-of-living crisis.

Deb Boyden, head of U.S. Defined Contribution at the $750 billion asset manager Schroders, offers takeaways from today's retirees.