Immigration that fills gaps in the domestic jobs market can help push down UK inflation, the deputy head of the International Monetary Fund has said. The prime minister has said rates of legal immigration are “too high.” Yet the IMF’s … Read more →
UK consumer price inflation jumped to 1% in July from 0.6% in June as lockdown measures eased further. The Office for National Statistics (ONS) said the figure was boosted by rising petrol and clothing prices. “In addition, prices for private … Read more →
Inflation has reached its highest rate for two-and-a-half years, mainly as a result of the rising price of fuel. Annual inflation as measured by the Consumer Prices Index (CPI) reached 1.8% last month, the Office for National Statistics (ONS) said, … Read more →
Inflation held steady at zero in March, as a fall in gas and clothing prices was offset by higher fuel costs. Inflation, as measured by the consumer prices index (CPI), remained at zero in March compared with a year ago. … Read more →