UK inflation – will prices keep rising?

Quick Summary:

Inflation has hit its highest level for eight months, will prices continue to rise at a faster rate?

The main measure of inflation - looking at how much prices had risen over the previous 12 months - went up to 2.6%.

That is because higher interest rates help keep inflation in check by dampening down borrowing and spending.

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Article Details

Category: Business

Markets: United KingdomUkraine

Topics: People Bank Prices Mean Rate Rising Year Cost Does Inflation Higher

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 14:51:28 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 739 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 24576348

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 4 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #43

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