Thu, 08 May 2025

Thu, 08 May 2025 UK inflation rate: How quickly are prices rising?

UK Inflation has fallen but remains above the Bank of England's 2% target.

* UK inflation rate: 2.6%
* Drop in inflation compared to previous month: 0.2% (from 2.8% to 2.6%)
* Current Bank of England interest rate: 4.25%
* Core inflation measure: 3.4%
* Highest inflation rate since October 2022: 11.1%
* Bank of England's target inflation rate: 2%
* Regular pay in Great Britain grew by: 5.9% (excluding bonuses) between December and February
* US tariffs expected to slow UK economy and lead to lower inflation than expected
* Eurozone inflation rate: 2.2% in April 2025
* US inflation rate: 2.4% in March, still above target
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