The first inflation figures of the year confirmed what many had already known: Inflation will rise significantly in 2025.

Inflation in the U.K. rose to a 10-month high in January, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England

All eyes were on UK inflation data this last week, as a surprise jump in the rate at which prices increase took economists and investors by surprise. Consumer prices rose 3% in January compared to the previous year,

Consumer prices were 3% higher in January than a year earlier, up from 2.5% in December, complicating the picture for the BOE after it said it would cut interest rates gradually.

British home prices will rise faster than previously expected this year, but the increase will be outpaced by surging rental costs as demand outstrips supply, a Reuters poll found.

Bank of England Governor Andrew Bailey said in an interview published on Monday that inflation was slowing and an expected pick-up in price growth later this year was unlikely to embed longer-term inflation pressures in the economy.

Strong inflation and wage growth data this week suggests the Bank of England will cut interest rates more steadily than previously expected this year, UBS economists Anna Titareva and Reinhard Cluse say in a note.

Inflation could hit 4 per cent this year if the Bank of England's forecasts only slightly exceed expectations. Yesterday, inflation unexpectedly jumped to 3 per cent in January, hitting its ...

Inflation rose to a 10-month high of 3pc in January, up from 2.5pc in December – significantly above the Bank of England’s 2pc target. Experts had expected inflation to remain to rise to 2.8pc ...

Experts advise those with fixed-rate mortgages expiring soon to lock in a new deal at least three months in advance to avoid potential hikes. Borrowers could also consider tracker mortgages, which follow the Bank of England base rate – but these carry the risk of rising if rates don’t come down.

Alberto Pezzali/PA Wire The Bank of England faces a seriously tricky few months. The first inflation figures of the year confirmed what many had already known: Inflation will rise significantly in ...

Wednesday's sharp increase in the rate of inflation, which pushed it further beyond the Bank of England's 2% target, puts a question mark over the central bank's strategy of slowly bringing down interest rates to bolster tepid economic growth. Financial ...