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UK stocks climbed last week, as inflation returned to the Bank of England’s target 2% rate for the first time since 2021. The data was revealed in the Office for National Statistics (ONS) monthly inflation bulletin for May. The 2% figure was down from 2.3% in April, and notably down from the 8.7% recorded in May 2023. A monthly drop in food and non-alcoholic beverages contributed to falling inflation, while prices for furniture and household goods have also stabilised. While this headline number is undoubtedly encouraging, beneath the surface, there is still some cause for concern for policy makers. Specifically, services inflation remains above 5%, with the cost of eating out still increasing at a worrying pace. #weekwatch #notjustUKinflation #beinformed #elections #uncertainty #AI #UKatadiscount #valueinvesting #euros24 #havearead

UK inflation returns to 2%, as US market hits fresh highs. UK stocks climbed last week, as inflation returned to the Bank of England’s target 2% rate for the first time since 2021. The data was revealed in the Office for National Statistics (ONS) monthly inflation bulletin for May. The 2% figure was down from 2.3% in April, and notably down from the 8.7% recorded in May 2023. #retirementgoals #retirementplanning #financialadvice #financialgoals

📈 UK Inflation Takes an Unexpected Turn This week we have seen inflation data surprise the market. In December, the UK's inflation rate jumped to 4%! An unexpected increase which marks the first rise in almost a year, stirring up the financial scene quite a bit. FTSE 100 Faces a Bumpy Ride For those following the stock market, you'll have noticed that the FTSE 100 wasn't too happy about this. The index stumbled by 1.8% on Wednesday as hopes for early interest rate cuts seemed to fade away. 😱📉 What's Behind the Inflation Spike? According to the Office for National Statistics, the annual inflation rate in December shot up to 4%, a jump from November's 3.9%. This hike, driven mainly by rising prices in alcohol and tobacco, has surpassed the expectations of many experts who had predicted a 3.8% rate. It's a classic case of expect the unexpected! 🤷♂️🍷 Market Reactions and Predictions With this news, the forecast for an interest rate cut by May took a hit, dropping from over 80% to 55%. And for 2024? Well, the market is now betting on a lower scale of interest rate cuts. Looks like it's time to recalibrate our financial calculators! 🔍💹 Global Echoes and Chancellor's Take Interestingly, this inflation pattern mirrors what's happening in the US and Eurozone. Chancellor Jeremy Hunt chimed in, pointing out that the path of inflation is rarely a straight line. His advice? Stick to the current plan and focus on growth through competitive tax levels. Sound advice, Chancellor! 👍🌐 #Inflation #retirement #ukeconomy

Those hoping inflation figures were now firmly travelling down towards their 2% target were given a rude awakening last week, as UK figures revealed a small increase in December. According to the Office for National Statistics (ONS), inflation in the UK increased slightly between November and December, up from 3.9% to 4.0%. Although this was only a small increase, it was also the first time the pace of inflation had gone up in 10 months. It was primarily driven by new tobacco duties the Government announced during the Autumn Statement. #financialeducation #financialplanning #financialgoals

🗓 WeekWatch - 24 June, 2024 📌 Devil’s in the details as UK inflation returns to 2% ⏱ 7 minute read → Learn more: https://lnkd.in/d_kuVbuV ------------- The information contained is correct as at the date of the article. The information contained does not constitute investment advice and is not intended to state, indicate or imply that current or past results are indicative of future results or expectations. Where the opinions of third parties are offered, these may not necessarily reflect those of St. James's Place. SJP Approved 17/06/2024 #FinancialPlanning

Markets mixed following UK inflation increase Those hoping inflation figures were now firmly travelling down towards their 2% target were given a rude awakening last week, as UK figures revealed a small increase in December. According to the Office for National Statistics (ONS), inflation in the UK increased slightly between November and December, up from 3.9% to 4.0%. Although this was only a small increase, it was also the first time the pace of inflation had gone up in 10 months. It was primarily driven by new tobacco duties the Government announced during the Autumn Statement. #financialplanning #stockmarkets #economy

Those hoping inflation figures were now firmly travelling down towards their 2% target were given a rude awakening last week, as UK figures revealed a small increase in December. According to the Office for National Statistics (ONS), inflation in the UK increased slightly between November and December, up from 3.9% to 4.0%. Although this was only a small increase, it was also the first time the pace of inflation had gone up in 10 months. It was primarily driven by new tobacco duties the Government announced during the Autumn Statement. Hetal Mehta, our Head of Economic Research, explained what this might mean: “After coming in weaker than expected in November, UK inflation numbers for December surprised to the upside, so we ended the year at 4%. Inflation will continue to fall through this year, but the trajectory will be bumpy. #weekwatch #notjusttheuk #lookwider #whyplan #goals #uselections #tooearly #beinformed

As inflation cools and interest rates look likely to come down over time, the world is expecting a gradual return to economic normality in the second half of 2024. However, it’s never quite that straightforward.. #MarketCommentary | #FinancialAdvice | #Cambridgeshire

UK stocks climbed last week, as inflation returned to the Bank of England’s target 2% rate for the first time since 2021. The data was revealed in the Office for National Statistics (ONS) monthly inflation bulletin for May. The 2% figure was down from 2.3% in April, and notably down from the 8.7% recorded in May 2023. A monthly drop in food and non-alcoholic beverages contributed to falling inflation, while prices for furniture and household goods have also stabilised. While this headline number is undoubtedly encouraging, beneath the surface, there is still some cause for concern for policy makers. Specifically, services inflation remains above 5%, with the cost of eating out still increasing at a worrying pace. Given the high services inflation and upcoming election, there was little surprise when the Bank of England (BoE) decided to keep interest rates at 5.25% when its Monetary Policy Committee (MPC) met last week. #inflationtarget #interestrates #economy #UKelection

UK stocks climbed last week, as inflation returned to the Bank of England’s target 2% rate for the first time since 2021. The data was revealed in the Office for National Statistics (ONS) monthly inflation bulletin for May. The 2% figure was down from 2.3% in April, and notably down from the 8.7% recorded in May 2023. A monthly drop in food and non-alcoholic beverages contributed to falling inflation, while prices for furniture and household goods have also stabilised. While this headline number is undoubtedly encouraging, beneath the surface, there is still some cause for concern for policy makers. Specifically, services inflation remains above 5%, with the cost of eating out still increasing at a worrying pace. Given the high services inflation and upcoming election, there was little surprise when the Bank of England (BoE) decided to keep interest rates at 5.25% when its Monetary Policy Committee (MPC) met last week. #inflation #markets #financialadvice