Office for National Statistics

Apr- 2022 -

11 April

UK GDP slows to 0.1% in February

Gross domestic product (GDP) slowed in the UK as the economy only saw 0.1% growth in February, down from a growth rate of 0.8% in January. According to the Office for National Statistics (ONS), services grew by 0.2% and was the main contributor to February’s growth in GDP, although this…

Mar- 2022 -

23 March

Current Affairs

Inflation hits 30-year high at 6.2% in February

The Consumer Prices Index (CPI) rose by 6.2% in the 12 months to February 2022, up from 5.5% in January, according to the Office for National Statistics (ONS). It revealed this is the highest CPI 12-month inflation rate in the national statistic series which began in January 1997, and the…

Jan- 2022 -

19 January

Current Affairs

Inflation hits 30-year high

Inflation reached 5.4% in December, its highest rate since CPIH stood at 5.1% in May 1992, according to the latest figures from the Office for National Statistics (ONS). It revealed the consumer prices index including owner occupiers’ housing costs (CPIH) rose 4.8% in the 12 months to December 2021, up…

14 January

Economy

UK economy surpassed pre-Covid levels in November

Gross domestic product (GDP) has surpassed its pre-pandemic level for the first time as it grew by 0.9% in November 2021, according to the latest Office for National Statistics (ONS) data. In the latest release, output in consumer-facing services grew by 0.8%, mainly because of a 1.4% increase in retail…

Jun- 2021 -

16 June

Economy

UK inflation hits 2.1% as clothing prices rise

Inflation in the UK rose to 2.1% in May, up from 1.5% in April, according to the latest figures from the Office for National Statistics (ONS). This increase has been fuelled by an increase in consumer spending as the British public comes out of lockdown. Meanwhile, clothing prices jumped by…

Mar- 2021 -

12 March

Economy

UK GDP shrinks 2.9% amid January lockdown

Monthly GDP fell by 2.9% in January as a national lockdown proved to impact economic activity, new data from the Office for National Statistics (ONS) reveals. Figures released show that January’s GDP was 9.0% below the levels seen in February 2020, and 4.0% below October 2020 – the “initial recovery…

Feb- 2021 -

19 February

Coronavirus

Retail sales tumble 8.2% in January despite online boom

Retail sales tumbled by 8.2% in January despite rising online sales, as stores were hit by heightened restrictions amid the third national lockdown. According to the Office for National Statistics (ONS), the value of sales was also 7.8% lower than the previous month, while the overall decline was largely driven…

Aug- 2020 -

12 August

Economy

UK in recession following 20% GDP slump

The UK economy has entered into a technical recession following a “record” fall in gross domestic product (GDP) during the second quarter of the year. According to the Office for National Statistics, GDP slumped by 20.4% between April and June 2020, compared with the 2.2% drop seen during Q1 2020…

May- 2020 -

13 May

Coronavirus

UK economy shrinks by 2% as pandemic takes its toll

The UK’s economy shrank by 2% in the three months to 31 March 2020, as a result of the Covid-19 pandemic. This is according to new data from the Office for National Statistics (ONS), which also found that gross domestic product (GDP) fell by 5.8% during March, the largest fall…

Apr- 2020 -

27 April

Coronavirus

ONS suspends ‘High Demand Basket’ survey data

The Office for National Statistics (ONS) has revealed that its increasing costs of online pet food has been suspended due to issues with the data collected. The ‘High Demand Basket’ survey revealed a 3.1% increase in price for the two weeks between 16-22 March and 23-29 March, with an average…