Retail Prices Index (RPI) and Consumer Prices Index (CPI)
Latest
Likelihood of rate rises overstated despite looming inflation surge
Responding to the UK inflation figures for February 2026, Suren Thiru, ICAEW Chief Economist, said: “February’s unchanged inflation is a false flag for the economy as these figures pre-date the eyewatering energy shock induced by the Middle East conflict."
ReadFuture rate decisions more fraught
Suren Thiru, ICAEW Chief Economist, said that future rate decisions were more fraught as BoE’s forecasts highlight UK’s critical stagflation risk.
ReadSpring rate cut almost assured as inflation drops
With the Office for National Statistics (ONS) announcing that UK inflation fell to 3% in the year to January 2026, ICAEW’s Economics Director Suren Thiru says a spring interest rate cut is now almost a given.
ReadMarch rate cut improbable following disheartening inflation rebound
Suren Thiru, Economics Director at ICAEW, responded to the latest UK inflation figures for January 2025, released by the Office for National Statistics on Wednesday 19 February 2025.
ReadSurprise inflation fall in December
Suren Thiru, ICAEW's Economics Director, says surprise inflation fall In December makes February interest rate cut more likely.
ReadInflation target hit, but economy stalls
UK inflation finally returns to target, but the economy flatlines as UK GDP was dampened by severe weather throughout April.
ReadHow does high inflation impact savings and pensions?
Inflation is finally starting to come down in the UK, but not as fast as hoped. That isn’t great news for pensions – but neither is it a complete disaster.
ReadInflation turns corner and could force interest rate rethink
Official data reveals that UK inflation moved back into single digits in April, but food inflation remains near record high.
ReadEasing inflation may force interest rate voting split
Official data reveals that UK inflation remains in double digits, despite slowing in March. The slowdown in March was mainly driven by the continued fall in fuel prices. However, this was largely offset by rising food prices.
ReadSurprise inflation rise causes interest rate headache
Official data reveals that UK inflation rose for the first time in six months in February amid vegetable shortages, leaving the Bank of England with a tough decision on interest rates.
ReadSlowing inflation not easing the cost of living crisis
Official data reveals that UK inflation slowed for the second successive month in December as fuel prices continued to fall.
ReadPainful deceleration on the way as inflation slows
Official data from the Office for National Statistics reveals that UK inflation slowed slightly to 10.7% in November, but still the second highest rate since August 1980.
ReadHow high inflation impacts accounting
Guidance from ICAEW’s Corporate Reporting Faculty explores the impact of high inflation on accounting and considers the financial reporting implications and related uncertainties that entities will need to think about.
ReadHow can hospitality companies tough out inflation?
As research shows that two-thirds of the UK’s Top 100 restaurant businesses are losing money, we look at what hospitality companies can do to survive rising inflation.
An inflated sense of worth: what inflation means for savers
A fall in headline inflation to 9.9% in August down slightly from 10.1% in July is likely to be a transient moment of calm in a continuing storm. So what does rising inflation mean for pension savers and other investors?
ReadAugust’s dip in inflation a ‘temporary distortion’, says ICAEW
Latest official estimate revealed that UK inflation slowed to 9.9% in August, amid strong base effects and lower fuel prices.
ReadAuditing with inflation on the rise
Inflation has only been above 3% twice in the last 30 years. Auditors will need to understand the impacts. We outline some of the key areas of the audit that may be affected by inflation.
ReadUK inflation reaches new 40-year high
Latest official GDP estimate revealed UK inflation UK inflation rose for ninth month in a row in June, amid higher petrol and food prices.
ReadRecession? What recession? Time for business to stop worrying and start investing
Iain Wright, ICAEW’s Managing Director, Reputation and Influence is joined by Kitty Ussher, Chief Economist at the Institute of Directors, and Suren Thiru, ICAEW’s Director, Economies.
ListenThe pain – and potential gains – of rising inflation
On this ICAEW Insights podcast episode, we speak to Martin Wheatcroft about rising inflation and what that means for businesses, plus capital allowances reforms.
ListenStronger-than-expected growth masks growing challenges
Latest official GDP estimate confirms that the UK economy rebounded in May after shrinking in April, as GP appointments boost the headline figure.
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27 Jun 2022
Five strategies to weather the inflation storm
ICAEW Manufacturing Community member Katy Davies runs through her five-point plan to help bolster businesses against a backdrop of rising inflation.
Insight from firms
Mazars: deflation is dependent on multiple global economies
From ending war to kickstarting manufacturing, George Lagarias, Chief Economist at Mazars, examines how global markets have dealt with inflation during the 20th century, adding what we can learn from their experience.
RSM: inflation spike harks back to post-war peak
ICAEW’s graphic highlights similarities between post-pandemic and post-Second World War inflation, say Thomas Pugh and Simon Hart from RSM, who explain what businesses should be doing to mitigate the effects.
ReadCharts and tables
11 May 2023
Chart of the week: Food prices
An inflation rate of 10.1% in the year to March 2023 conceals a huge variation in individual price rises, as illustrated by this week’s chart on food prices.
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17 Feb 2023
Chart of the week: Slowing inflation
This chart illustrates the slowing rate of inflation and how it should fall further once a big surge in prices between February and April 2022 falls out of the comparison.
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