Inflation Forecast In today’s Autumn Statement (for Growth), Chancellor Jeremy Hunt said the Government was on track to reducing debt, cutting taxes, and controlling inflation. With inflation down from 11.1% when he and Prime Minister Rishi Sunak took office to 4.6%, he went on to say the Office for Budget Responsibility (OBR) has forecast inflation …
Autumn Statement – Chancellor Forecasts Sub 2% Inflation In 2025 Read More »
The Office for National Statistics (ONS) released figures today showing better-than-expected figures for inflation, which fell sharply from 6.7% in September to 4.6% in October. The sharp fall in inflation is mainly attributed to another fall in energy prices. The sharp fall in inflation justifies the Bank of England (BoE) Monetary Policy Committee’s decision to …
Inflation Falls, Swap Rates Down – Mortgage Rate Cuts On The Way ? Read More »
Mortgage lenders have recently re-priced products based on an anticipated 0.25% interest rate increase tomorrow. That would be the 15th consecutive increase, taking the base rate from 5.25% to 5.5%, but this now looks less likely. Financial markets have reacted to the inflationary figures with short-term (2 and 5 years) Swap Rates falling by almost …
Inflation Falls To 6.7% – Is Another Rate Rise Likely? Read More »
/ Inflation / By Gary The latest figures from the Office for National Statistics (ONS) below show inflation falling from 7.9% in June to 6.8% in July. With inflation heading in the right direction, Swap Rates stabilised and lenders continuing to apply rate reductions to their products we may be turning the corner but should not be complacent …
Inflation Falls to 6.8% while House Prices Remain Steady Read More »
Annual Inflation fell from 8.7% to 7.9% in June with Core Inflation also falling back after hitting a 30 year high in May These reductions are a good sign but may not be enough to stop the Bank of England (BoE) increasing the base rate further to maintain the downward trend.
The Office for National Statistics (ONS) confirmed inflation has eased to 8.7% in April down from 10.1% in March, following a recent peak of 11.1% in October 2022. The easing has been attributed to gas and electricity price changes while other categories such as recreation, alcohol, tobacco, communication and transport increased. Although headline inflation has …
Headline Inflation Falls but Mortgage Rates Predicted to Rise Read More »
UK inflation has jumped to a 41 year high in October, rising from 10.1% in September to 11.1% in October. The spiralling cost of energy and food are the main items contributing to high inflation with Bank of England predicted to increase rates by a further 0.5% in an attempt to control the upward trend.
After falling to 9.9% in August UK inflation rose again in September to 10.1%. The Office for National Statistics (ONS) stated rising food prices contributed mostly to the upward change between August and September 2022 while a fall in petrol/diesel made the largest downward contribution. The latest figures will likely impact the Bank of England’s …
