Tag: Office for National Statistics (ONS)

The Consumer Price Index (CPI) increased for the first time since December 2023 when the central bank hiked interest rates to a 16-year high to temper inflation. In October 2022, UK inflation crested at 11.1% on the back of the pandemic. In the 12 months leading up to July 2024, the CPI rose by 3.3%,…