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The Latest Breaking News from Office for National Statistics

UK inflation holds above 10% on rampant food prices

London (AFP) - UK inflation slowed last month but held above 10 percent on soaring food prices, official data showed Wednesday, further fuelling a cost-of-living crisis despite a series of aggressive interest-rate hikes.

AFP

Inflation slows slightly but food prices surge at 45-year high

The Office for National Statistics revealed that Consumer Prices Index inflation fell to 10.1% in March from 10.4% in February.

The Independent UK

Interest rates set to hit 5 per cent in blow to homeowners as double digit inflation persists

The shock figure also raised questions about Rishi Sunak’s promise to halve inflation by the end of the year

The Independent UK

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Bank of England expected to raise interest rates again after UK inflation only dips to 10.1% – as it happened

UK inflation failed to drop into single-digit levels last month as food prices kept soaring, meaning central bank expected to raise borrowing costs again

The Guardian - UK

Inflation eases slightly but remains in double figures at 10.1%

The announcement will come as a serious setback to Rishi Sunak’s pledge to halve inflation by the end of the year

Evening Standard

Inflation falls to 10.1% but price of basic foods hits record high - what it means for you

UK inflation fell to 10.1% in March - this is down from the 10.4% and surprise jump that was recorded in February, the Office for National Statistics (ONS) said this morning

Daily Mirror

Experts predict good news on inflation ahead of announcement this week

The latest Consumer Prices Index rate will be announced on Wednesday

Manchester Evening News

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Wages failing to keep pace with price rises for 15th month in a row

While wages have been rising over recent months, they have failed to keep pace with prices

Evening Standard

North East sees largest fall in unemployment in last year, new figures show

New figures showed a slight rise from last month's record low, but the region has led the country over the last year

Chronicle Live

Unemployment rate rises as 'earnings are still falling in real terms'

It is the ninth month in a row that the rate has risen

Wales Online

UK unemployment up as wage growth continues to be outstripped by soaring costs

Latest Office for National Statistics figures also show vacancies fell by another 47,000 to 1.1 million in the three months to March

The Independent UK

FTSE 100 racks up eighth day of gains despite rising insolvencies and unemployment – as it happened

More firms are at risk of tipping from ‘danger’ to ‘distress’, experts warn, as businesses are hit by soaring costs and weak economy

The Guardian - UK

FTSE 100 Live: Markets await inflation reading; FTSE closes above 7900 for first time in six weeks

Inflation’s run above 10% rolled into a seventh month today after food prices left the annual rate at a bigger-than-expected 10.1%.

Evening Standard

‘The tragic cost of under-investment’: asbestos blamed for 150 deaths of school and hospital workers in England

Unsafe buildings could still be putting staff at risk of cancer through contact with the material, warn unions, experts and MPs

The Guardian - UK

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Wales Online

Expert answers questions about new Arcturus Covid variant as fresh symptom emerges

The new variant has seen officials in India reintroduced mask rules

Daily Mirror

No evidence NHS strikes caused excess deaths as figures give lie to union-bashing

NHS health workers came under fire for taking industrial action last month, with some opposed to the action claiming staff walking out of hospitals and onto the picket lines caused more patients than usual to die

The Week

Arcturus: the new Covid variant surging in India

A new Covid subvariant that is feared to be the most infectious yet has triggered a surge of infections in India.

Insider UK

Global economy not on the cusp of another 2008 - Bank of England governor

The UK’s economy showed no growth in February, narrowly avoiding a recession despite decades-high inflation

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The Independent UK

UK’s economy flatlined in February as teachers’ strikes drag on growth

Analysts expected GDP to grow by 0.1 per cent in February

Daily Mirror

'I did the same supermarket shop for 6 months - certain item prices soared'

With the cost of living crisis seemingly becoming our new normal, Mirror writer Danielle Kate Wroe went to her local supermarket for six months in a row to monitor how prices changed

The Week

What does a faint line mean on a Covid test?

Routine asymptomatic testing across health and social care settings has come to an end this month and the official Covid survey has been axed.

Daily Mirror

Thousands of tenants face 'no fault' eviction amid huge rent rises

'No fault' section 21 evictions soared from 792 to 1,942 between the last three months of 2021 and the same period last year, according to Office for National Statistics figures

The Independent UK

Covid booster jab rollout to begin for 5 million most vulnerable people

Cases are at their highest level since the start of the year, according to last ever ONS survey

The Guardian - UK

UK firms report surge in orders amid signs of economic recovery

After UK narrowly misses recession IoD reports rise in business demand, confidence, hiring and investment in March

The Guardian - UK

UK house price correction ‘has some way to go’ after March falls; eurozone and US inflation falls – as it happened

Average UK house prices fell 3.1% in year to March, while energy costs are now falling in the eurozone and US core PCE inflation has dropped

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