Is recession the Bank of England’s only choice?
UK and US central banks are faced with a dilemma: allow inflation to keep rising, or hike interest rates to…
ByInflation
Inflation describes how much prices of goods and services are increasing (if they’re decreasing, this is known as deflation). In the UK the main measure of inflation is the Consumer Prices Index. The Office for National Statistics tracks the cost of living through the prices of items in a hypothetical “basket of goods” that includes everyday products and services. Here you can find all of our latest news, analysis and comment about inflation.
Britain is once again the sick man of Europe
The UK is predicted to record the worst economic growth of any major country except Russia next year. What has…
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China’s never-ending Covid lockdown story
Parts of Shanghai have again been put under lockdown restrictions, with further implications for the global cost-of-living crisis.
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Crisis calls for a new economic paradigm
Just as rising prices and flagging growth did away with Keynesianism in the 1970s, so today they are killing of…
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The ostrich economy is heading for a reckoning
Since 2008, politicians and bankers have kept recession at bay by pretending it wasn’t happening. That strategy is beginning to…
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Klarna’s woes are a warning of the recession to come
The “buy now, pay later” fintech start-up is laying off staff as cash-strapped households cut spending and fall back on…
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“This might be worse than Covid”: Shevaun Haviland on why businesses need help to survive inflation
The director-general of the British Chambers of Commerce says Andrew Bailey told her inflation would be “fine by September”.
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Labour must back strikes to fight the cost-of-living crisis
Those in the party who favour performative confrontations with the trade unions must be faced down.
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As China’s growth stalls and supply chains falter, the West faces a stagflation trap
Soaring energy and food prices mean inflation is rising globally – and it will only come down if banks engineer…
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From the NS archive: What is inflation?
26 January 1935: inflation and what is not.
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How Britain’s failure to reckon with global forces led to a cost-of-living crisis
At the end of the era of globalisation and market-led capitalism, there is no clear successor to this crumbling model.
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Five ways the government failed to shield the UK from inflation
For all the Tories’ attempts to blame the Bank of England, Britain’s unique exposure to the crisis is caused by…
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The UK is sleepwalking into recession
Tory MPs are berating the Bank of England to distract from Brexit and other economic calamities.
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Will the Tory government be brought down by inflation?
Inflation reaches 9 percent for the first time since 1982.
We’re not all in it together – the cost-of-living crisis is a matter of class
Most of us are having to cut back on our spending. For some this is an inconvenience; for others it…
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Aubergines off the menu in Turkey as inflation bites
Controversial economic policies are causing prices to soar and consumers to cut back on groceries.
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Inflation is hitting the poorest hardest
The poorest face an inflation rate three percentage points higher than the richest 10 per cent.
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Ranked: every patronising Conservative cost-of-living crisis survival tip
Governing party politicians have time and again made gaffes relating to rising bills and prices.
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As UK inflation hammers the poor, we need a revolution in policy
Labour should back a plan to cap prices and rents, and cut profits not wages.
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Why some people are feeling the cost-of-living crisis more than others
Finance and real estate account for nearly a third of UK wage inflation.
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