BusinessUK Inflation Retreats to 6.7% as Energy Costs Decline, Food Prices Remain Elevated
UK inflation eased slightly to 6.7% in August, primarily driven by a drop in electricity and gas costs, according to new figures from the Office for National Statistics. However, food inflation remains stubbornly high, continuing to pressure household budgets despite the overall moderation.
BusinessEnergy Price Cap Hike Amplifies UK Living Cost Pressures
Millions of UK households face increased energy bills as Ofgem's latest price cap takes effect, intensifying the nation's ongoing cost of living crisis. This rise exacerbates financial pressures from persistent inflation and stagnant wages, prompting calls for greater government support and long-term energy strategy.
BusinessUK Households Brace for Fresh Energy Bill Hike Amidst Easing Inflation
UK households face a challenging winter as energy regulator Ofgem is set to announce an increase in the energy price cap, pushing bills higher despite falling headline inflation figures. This move threatens to deepen the cost-of-living crisis for many families, who are already grappling with strained budgets and reduced government energy support.
