Inflation calculator - Bank of England
Use our inflation calculator to check how prices in the UK have changed over time, from 1209 to now. Our inflation calculator is designed for illustrative and general reference purposes only.
Inflation and the 2% target - Bank of England
Jun 22, 2023 · To keep inflation low and stable, the Government sets us an inflation target of 2%. This helps everyone plan for the future. If inflation is too high or it moves around a lot, it’s hard for businesses to set the right prices and for people to plan their spending.
What is inflation? - Bank of England
Inflation is the measure of the speed of those increases. When prices are rising quickly, it means inflation is high and you can’t buy as much with your money. Therefore, the cost of living is higher. The Government sets us a target of ensuring inflation is low and stable at 2%.
Inflation Reports - Bank of England
Our quarterly Inflation Reports set out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions.
Interest rates and Bank Rate | Bank of England
Aug 1, 2024 · Why does Bank Rate influence spending and inflation? How Bank Rate affects you partly depends on if you are borrowing or saving money. If rates fall and you have a loan or mortgage, your interest payments may get cheaper.
August 2025 (to be published at 12pm) - Bank of England
Jan 24, 2025 · Our quarterly Monetary Policy Report sets out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions.
Inflation and interest rates - Bank of England
How do higher interest rates help to lower inflation? Interest rates and inflation are closely linked. Higher rates will help to bring down inflation. But how exactly?
The Bank’s Monetary Policy Committee (MPC) sets monetary policy to keep inflation low and stable, which supports growth and jobs. Subject to maintaining price stability, the MPC is also
Bank Rate maintained at 5.25% - May 2024 | Bank of England
Aug 16, 2024 · The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 8 May 2024, the MPC voted by a majority of …
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting