Inflation

The housing market could be hit by higher interest rates according to Nationwide – after house prices in the year to May fell.

Nationwide warns housing market could be hit by higher interest rates

Coffee in GPS tracked security boxes at the Central Co-op Food-Petrol Harborne in Birmingham as a theft prevention initiative.

Instant coffee kept in security cases as prices soar to £10.50 a jar

McDonald’s customers across the UK are seething after the cost of a much-loved item has more than doubled in price.

McDonald’s fans fuming after popular item doubles in price

The price of everyday food products bought at a popular supermarket in February 2022 and again in February 2023 illustrates the cost of living crisis.

This basket of food shows how much food prices have risen in one year

This is the first time inflation has dropped below double digits since August last year - but concerns remain over the rate at which food prices are increasing..

Inflation drops to 8.7%, food costs still high - how it affects you

Inflation has dropped below 10 percent for the first time since last year

Inflation drops to 8.7% for first time since last year - what it means

Food bank use is on the increase as low-income famiies struggle to cope with the cost of living crisis

Inflation is more than just a monetary phenomenon

The Bank of England, above, has a target to peg inflation at about 2 per cent.

Interest rates: Bank of England getting it right and wrong with latest move

Bank of England impose another interest rate hike

David Alexander is CEO of DJ Alexander Scotland Ltd

A further interest rate rise now would send out the wrong signal - David Alexand...

Sainsbury’s has cut the price of two popular products

Sainsbury’s cuts price of two everyday products

David Alexander is CEO of DJ Alexander Scotland Ltd

housing market is divided by location more than ever before - David Alexander

Humza Yousaf will meet the Prime Minister today. Picture: PA

Yousaf to demand 'whisky fairness' in first meeting with Rishi Sunak as FM

Many retailers have been struggling since the pandemic while shoppers are tightening the purse strings due to rocketing inflation, which stands at 10.1 per cent.

Full list of the UK shops and banks closing for good this week

Inflation remains in double digits as food and drink costs soar. Picture: Andrew Matthews/PA Wire

Sunak accused of 'utterly failing' as inflation remains at 10.1%

The data showed that food prices increased by 19.1 per cent year-on-year, the sharpest jump since August 1977. Picture: Greg Macvean

Inflation: Fresh interest rate pain as 'brutal economic struggle' continues

Martin Lewis explained how to check you’re on the right rate of National Minimum Wage when he appeared on Good Morning Britain this morning.

Martin Lewis explains 8 ways to check if you’re being underpaid

Rishi Sunak could be forced to apologise to the House of Commons is he is found to have breached the MP’s code of conduct (image: Getty Images)

What time is PMQs on today?

The rate of inflation has dropped slightly for March

Inflation rate in UK falls but still remains above 10%

Millions of people on benefits are set to get a cash boost as payments rise in line with inflation rates - full list of what will increase and how much you’ll get.

Benefit payments set to increase for millions - full list

BDO said that pressures within companies’ supply chains had eased and wholesale energy prices have fallen, taking some of the pressure off businesses.

Business optimism builds as inflation and supply chain woes ease - BDO

The ISA deadline is approaching

ISA deadline 2023: Everything you need to about upcoming ISA deadline

The price of crude oil increased by 5.5% on Monday April 3.

Oil prices rise more than 5 percent as production is cut

April is shaping up to be a rough month for many, with major price increases scheduled to take effect.

April bill hikes set to cost household £700 annually

Chocolate and sweets prices jump ahead of Easter (Picture: Getty Images/EyeEm)

Chocolate and sweets prices jump ahead of Easter

When the spring Cost of Living payment will hit your bank accounts

The Bank of England has pushed interest rates higher as it tries to put a lid on soaring prices after UK inflation unexpectedly jumped higher last month.

Bank lifts UK interest rates again but upgrades economic growth forecast

Interest rates will go up for the 11th consecutive time as the Bank of England is set to confirm an increase of 0.25% - Credit: Adobe

Bank of England to raise interest rates in bad news for mortgages

Food inflation has hit its highest level in 45 years.

Inflation creep: The price shock facing consumers, businesses and BoE

UK inflation shot up unexpectedly last month as vegetable shortages pushed food prices to their highest rate in more than 45 years, according to official figures. (Photo by JUSTIN TALLIS/AFP via Getty Images)

What does high inflation mean? This is what happens when inflation rises

Surprise jump in February inflation due to salad shortages, food & booze

Shock as inflation rises to 10.4% unexpectedly - what it means

The rise comes after three consecutive months of slowing, driven by dining out and food price rises.

Inflation rate in surprise jump to 10.4% in February

Public awaits biggest change to TV licence fee in two decades amid turbulent times for BBC

Major change to TV licence fee on the way amid turbulent times for BBC

Chancellor of the Exchequer Jeremy Hunt has announced the UK Government’s budget in the House of Commons - but what does it mean for the average Scot? Pic: Jane Barlow/PA Wire

Here's what the Budget means for Scottish households

John Lewis has department stores in Edinburgh and Glasgow, above, having closed its Aberdeen store. Further cost cutting is now on the cards across the business. Picture: John Devlin

John Lewis: Bonus blow and huge cost-cutting as retail icon slumps to £78m loss

Jeremy Hunt announced plans for new investment zones that he said could be as successful as Canary Wharf in London (Picture: Oli Scarff/Getty Images)

Hunt's Budget optimism can't hide the harsh economic reality faced by many

Britain’s Chancellor of the Exchequer Jeremy Hunt poses with the red Budget Box as he leaves 11 Downing Street in central London on March 15, 2023, to present the government’s annual budget to Parliament. (Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images)

Budget 2023: Living standards to fall by 6% - OBR

Chancellor Jeremy Hunt addressed the House of Commons with his Spring Budget 2023 on Wednesday - Credit: Getty Images

Key announcements from Chancellor Jeremy Hunt’s Spring Budget 2023

The Energy Price Guarantee (EPG) will remain at £2,500 for an additional three months.

Budget 2023: Energy Price Guarantee to be extended to June

The price of Royal Mail first and second class stamps are to increase

Royal Mail to increase price of first and second class stamps

Pret will be giving staff their third pay rise this year

Pret A Manger to give staff third pay rise in 12 months

Primark owner Associated British Foods has upped its outlook for the full year after reporting a jump in sales at the budget fashion chain

Primark reports unexpected profits as people shop early for summer

The price of pasta has doubled in the last two years as the cost of everyday essentials soars

Pasta prices double in two years as cost of everyday essentials soars

Shoppers have been juggling with steep price hikes on many food and household items for months now.

Poorest hit hardest as supermarket value ranges increase by a fifth

Millions of O2 and Virgin Mobile customers will be hit with price hikes of up to 13.4% from April

O2 customers facing 13.4% increase in monthly payments

Millions of households have cut back on streaming services in recent months as the cost of living crisis deepens. Analysts Kantar found that the number of paid-for video streaming subscriptions in the UK declined by two million in 2022, from 30.5 million to 28.5 million.

How to save money on streaming services including Netflix and Prime

Leading law firm says the anticipated housing market crash hasn’t hit the Lothians yet

Ad Feature Edinburgh property market: no sign of ‘crash’ in city

RCN nurses suspend next week’s strike and enter pay negotiations

Paperchase went into administration last month

Shops leaving the UK high street as retailers announce closures

Shoppers have been juggling with steep price hikes on many food and household items for months now.

Analysis: Government faces momentous challenge halving inflation by end of year

Supermarket shoppers will have noticed many everyday items increasing in price several times over the past year.

Inflation: 'Fight far from over' as inflation falls but remains in double digits

Huel was founded by entrepreneurs Julian Hearn and James Collier who named the product by combining the words “human” and “fuel”. The company claims when mixed with water, its powders provide “complete nutrition” and are a healthy alternative to traditional meals that help you “lose, gain or maintain weight”.

‘Misleading’ Huel adverts that claimed shakes save money banned

The rise in food prices has slowed in recent months

Official figures show UK inflation remains near 40 year high

The first £301 instalment of the money, which is intended to help vulnerable people pay their energy and grocery bills as inflation hits a 40-year high, is due to hit bank accounts this spring.

1.7 million people set to miss out on £301 cost of living payment

The UK economy has avoided a recession

UK economy avoids recession in second half of 2022

Wetherspoons have increased their prices on a pint by 7.5%.

Wetherspoons increase prices on food and drinks across UK pubs

The Scotsman Top Stories

Humza Yousaf and deputy first minister Shona Robison at Holyrood. Picture: Jane Barlow/PA

FMQs: SNP 'tone deaf' on LEZ as Yousaf accused of ignoring homeless charity

Union chiefs have demanded action over reports of violence

Airport check-in staff assaulted and abused by ‘thuggish’ passengers – GMB union

Rose Matafeo won the main Edinburgh Comedy Awards prize for best show in 2018.

Comics who owe their careers to the Fringe should help keep awards going