Consumer Prices Index (CPI) inflation rose to 2.5% in the 12 months ... UK financial markets, with the pound's value dropping sharply and the cost of borrowing rising to decades-high levels over ...

UK inflation ... 2.6% the month before, the Office for National Statistics (ONS) said. It means prices are still rising but at a slower pace than before. Easing price rises in restaurants and falling ...

Professor Taylor, who backed a cut to Bank rate at the last meeting in ... The persistently high services inflation, which is impacted by rising wages, fell from 5% a month before to 4.4%, far ...