Inflation

The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation fell to 2% in May, down from 2.3% in April

How will the fall in inflation affect the cost of living crisis?

Rishi Sunak declared inflation was “back to normal” in response to the latest figures, and that “brighter days are ahead”.

Rishi Sunak declared inflation was “back to normal” in response to the latest figures, and that “brighter days are ahead”.

1

UK inflation falls to lowest levels in nearly three years

Food inflation also slowed, to 6.1% in January from December’s 6.7%, the ninth consecutive fall

Food inflation also slowed, to 6.1% in January from December’s 6.7%, the ninth consecutive fall

Shop price inflation falls to lowest figures since May 2022

Research compared how prices at leading UK supermarkets, including Aldi, Asda, Tesco and Lidl, have changed over the last year

Research compared how prices at leading UK supermarkets, including Aldi, Asda, Tesco and Lidl, have changed over the last year

Worst price rises at supermarkets including Tesco, Asda, Aldi and Lidl revealed

Official figures from the Office for National Statistics (ONS) reveal that inflation jumped to a higher-than-expected 11.1% in October

Official figures from the Office for National Statistics (ONS) reveal that inflation jumped to a higher-than-expected 11.1% in October

UK inflation soars to highest levels in 41 years due to soaring energy bills

The UK’s most squeezed households are seeing the price they have to pay for some of the cheapest food in the supermarket soaring by nearly two thirds

The UK’s most squeezed households are seeing the price they have to pay for some of the cheapest food in the supermarket soaring by nearly two thirds

Cost of living crisis

10

Cost of cheapest items in UK supermarkets soars by 60 per cent

Inflation to return to double figures as food prices continue to rise (PA)

Inflation to return to double figures as food prices continue to rise (PA)

Cost of living crisis

Inflation returns to double figures as food prices continue to rise

A string of peers voiced their concerns in the Lords as Prime Minister Liz Truss faced mounting pressure to raise benefits in line with inflation

A string of peers voiced their concerns in the Lords as Prime Minister Liz Truss faced mounting pressure to raise benefits in line with inflation

1

Growing pressure on Liz Truss to boost benefit payments in line with inflation

The South Wales Argus is calling on readers to support local businesses, which are the lifeblood of our communities across Gwent.

The South Wales Argus is calling on readers to support local businesses, which are the lifeblood of our communities across Gwent.

Back Our Businesses

2

Back Our Businesses to get through this cost of living crisis

The hike was below the expectations of the financial markets, who had predicted a 0.75 percentage point rise

The hike was below the expectations of the financial markets, who had predicted a 0.75 percentage point rise

Bank of England

Interest rates hit 13 year high as Bank of England warns UK is in recession

MoneySavingExpert Martin Lewis has warned homeowners with a mortgage that the rise could see them paying an extra £40 a month

MoneySavingExpert Martin Lewis has warned homeowners with a mortgage that the rise could see them paying an extra £40 a month

Bank of England

Martin Lewis issues mortgage warning to homeowners

It would be the highest interest rate that the UK has had since the financial crisis

It would be the highest interest rate that the UK has had since the financial crisis

Bank of England

Interest rates set for biggest hike in more than three decades today

Food prices rise at fastest rate since 2008, figures show (Canva)

Food prices rise at fastest rate since 2008, figures show (Canva)

Cost of living crisis

Food prices rise at fastest rate since 2008, figures show

CPI inflation hit a new 40-year record of 10.1% in July and is expected to peak at around 11% later this year (PA)

CPI inflation hit a new 40-year record of 10.1% in July and is expected to peak at around 11% later this year (PA)

Cost of living crisis

Workers face record pay slump against surging inflation

Inflation hits double figures as it soars to forty year high (PA)

Inflation hits double figures as it soars to forty year high (PA)

Cost of living crisis

Inflation hits double figures as it soars to 40-year high

UK ‘set to enter recession’ as stagflation warning returns for first time in 50 years (PA)

UK ‘set to enter recession’ as stagflation warning returns for first time in 50 years (PA)

Cost of living crisis

UK ‘set to enter recession’ as stagflation warning returns for first time in 50 years

Pay rises for NHS staff in Wales have been announced.

Pay rises for NHS staff in Wales have been announced.

7

Pay rise for NHS staff in Wales but additional increases 'need Westminster funding'

Grocery price inflation has leapt by 9.9% in the last four weeks, according to fresh industry data. (PA)

Grocery price inflation has leapt by 9.9% in the last four weeks, according to fresh industry data. (PA)

3

Warning to shoppers as grocery bills set to rise by almost £500

Inflation reaches new 40 year peak of 9.1% in May (PA)

Inflation reaches new 40 year peak of 9.1% in May (PA)

Inflation reaches new 40 year peak of 9.1 per cent in May

Sainsbury’s commits to price cuts on products as cost of living soars (PA)

Sainsbury’s commits to price cuts on products as cost of living soars (PA)

Cost of living crisis

Sainsbury’s commits to price cuts on products as cost of living soars

Inflation rises to highest ever on record following hike in energy costs (PA)

Inflation rises to highest ever on record following hike in energy costs (PA)

Cost of living crisis

UK inflation hits 40 year high following increase in energy costs

McColl's faces administration. (PA)

McColl's faces administration. (PA)

McColl's convenience store risk closure as administration 'increasingly likely'

Bank of England issue UK recession warning as interest rate rises to 1 per cent. (PA)

Bank of England issue UK recession warning as interest rate rises to 1 per cent. (PA)

Bank of England

UK recession warning as Bank of England predicts inflation could hit 10 per cent

How UK supermarkets plan to tackle food price hikes as Brits warned to 'Brace themselves'. (PA/Canva)

How UK supermarkets plan to tackle food price hikes as Brits warned to 'Brace themselves'. (PA/Canva)

Cost of living crisis

Shoppers told to 'brace themselves' for further price hikes in UK supermarkets

Rising prices across the board sent UK inflation soaring higher in February, according to official figures (Aaron Chown/PA)

Rising prices across the board sent UK inflation soaring higher in February, according to official figures (Aaron Chown/PA)

Cost of living crisis

Cost of living: How much basic household items have increased in a year

The MoneySavingExpert admitted to being “scared for people” as inflation continues to skyrocket across Britain. (PA)

The MoneySavingExpert admitted to being “scared for people” as inflation continues to skyrocket across Britain. (PA)

Cost of living crisis

4

Martin Lewis warns of 'civil unrest' over cost of living crisis

See how inflation impacts you with this free calculator (PA)

See how inflation impacts you with this free calculator (PA)

Cost of living crisis

See how inflation impacts you with this free calculator

Pictured, the Bank of England in London. Photo via PA.

Pictured, the Bank of England in London. Photo via PA.

Bank of England

Inflation hits 30 year high as cost of living crisis escalates

Bank of England raises interest rates to 0.75 per cent – here’s what we know (PA)

Bank of England raises interest rates to 0.75 per cent – here’s what we know (PA)

Bank of England

Bank of England raises interest rates to 0.75 per cent – here’s what we know

Cost of living rises to its highest level in 30 years (PA)

Cost of living rises to its highest level in 30 years (PA)

Bank of England

Cost of living rises to its highest level in 30 years