Inflation | Definition, Causes & Formula
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The UK's facing the highest level of inflation of any major economy this year. According to the OECD (Organisation for Economic Cooperation and Development), UK's inflation will reach 3.5% by the end of this year - before falling to 2.7% in 2026. The OECD also says the growth in the UK economy will peak at 1.4% this year before falling to 1% by next year. #BreakingNews #Inflation #Economy #uknews #GBNews | GB News
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60K views · 1.2K reactions | UK inflation rose to 3.5 per cent in the year to April 2025, up from 2.6 per cent in March, according to the Office for National Statistics. The jump from 2.6 per cent in March marks a sharp rise in the cost of living for households. Reacting to the news, Chancellor Rachel Reeves said the figures were 'disappointing.' #Inflation #ONS #Money #Economy #RachelReeves #Labour #ukpolitics #GBNews | GB News | Facebook
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