Office for National Statistics news and archive

UK inflation hits 40-year high

The UK has seen record inflation in July, with the highest rate of increase in 40 years. Data from the Office for National Statistics (ONS) Consumer Price Index (CPI) rose to 10.1 percent from 9.4 percent for the month of June, higher than the forecasted 9.8 percent. Prices for clothing and footwear items fell by 1.5 percent between June and...

Retail

Retail sales jump in July thanks to strongest online growth in three years

Retail sales in the UK saw an unexpected jump in July thanks to the strongest growth in online spending for three years. Retail sales increased 0.2 percent in July compared to the previous month thanks to a 6.9 percent jump in online sales, according to the Office for National Statistics (ONS). Online sales for the month contributed 19.9 percent...

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Business

UK economic growth hits six-month low

Growth in the UK economy has slowed in the three months to November to its weakest pace in six months. The economy grew by 0.3 percent in this period, down from 0.4 percent in the three months to October, according to new data by the Office for National Statistics (ONS). The economy grew by 0.2 percent in November, up from October’s 0.1 percent...