All the updated news related to inflation

All the news related to inflation updated in real time

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Local News

Surge in cross-border trade must be built upon, says Foyle MLA

The surge in cross-border trade needs to be built upon as businesses face an inflation and cost of doing business crisis, Sinn Foyle MLA Ciara Ferguson has said. Speaking on the latest figures published by the Central Statistics Office (CSO), the ...

18 Aug 2022 at 21:21

National News

Bank of England keeps interest rates at 15-year high

The Bank of England has held interest rates at 5.25% for the third time in a row and indicated that cuts are unlikely in the coming months. Governor Andrew Bailey stressed there is “still some way to go” in policymakers’ efforts to get inflation ...

14 Dec 2023 at 12:43

Northern Ireland

Stormont budget needs £2.3bn to deliver same level of services as 2021 – report

Stormont’s budget has fallen by more than £2 billion in real terms since 2021 due to the impact of inflation, according to the Department of Finance. The department has published a financial context for revenue-raising measures which sets out ...

11 Oct 2023 at 12:35

Northern Ireland

Average cost of a home falls at fastest rate in more than 12 years

The average cost of a home has fallen at its fastest rate for more than 12 years, with UK property values sitting typically £6,000 lower in November 2023 than a year earlier, according to official figures. House prices fell by 2.1% over the ...

17 Jan 2024 at 13:50

Local News

Local Baha'i community to hold inflation-busting workshops

Members of the Baha'i community in County Derry are to hold a conference this weekend advising the public on how to cope with the rising cost of living. The event, entitled 'How to Survive Rapid Inflation' will be held at the Ballyronan ...

24 Mar 2022 at 09:00

Northern Ireland

House prices up year-on-year for third month in a row in May

House prices increased year-on-year for the third month in a row in May, according to official figures. Average UK house prices increased by 2.2% in the 12 months to May, up from 1.3% annual growth in April, the Office for National ...

17 Jul 2024 at 10:39

Northern Ireland

Workforce growing but pay increases falling behind inflation

Northern Ireland’s workforce is continuing to grow, however pay increases are falling behind inflation, the latest figures suggest. The number of employees in Northern Ireland in July 2022 was 779,300, according to HMRC. This ...

16 Aug 2022 at 12:16

Northern Ireland

UK house prices increase for first time in nine months

Average UK house prices have increased for the first time since June last year, signalling potential green shoots in the UK’s property market. Meanwhile, rampant rent price inflation also slowed down slightly in the latest ...

22 May 2024 at 12:00

Northern Ireland

Average UK house price is £32,000 higher than a year ago

The average UK house price has jumped by £32,000 in a year, adding to concerns about affordability as households grapple with the cost-of-living crisis. Property values increased by 12.8% annually in May, accelerating ...

20 Jul 2022 at 13:41

Northern Ireland

Average UK house price jumps by more than £2,200 in a month

The average UK house price was more than £2,200 higher in July than it was in June, following three relatively flat months, according to an index. Halifax said house prices increased by 0.8% month on month and by 2....

07 Aug 2024 at 08:39

Northern Ireland

Record rise in rents as house prices fall annually for first time in a decade

Rents have surged at a record rate while house prices have fallen annually for the first time in more than a decade, according to official figures. The average UK house price fell by 0.1% in the 12 months to ...

15 Nov 2023 at 12:02

National News

Cost of living in Ireland hits highest level in almost 30 years

Inflation has hit its highest level since 1984, latest figures reveal. According to the Central Statistics Office (CSO) prices on average, as measured by the Consumer Price Index (CPI), were 9.2% higher in ...

10 Nov 2022 at 15:39

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