Falls in the cost of petrol and air fares in May were offset by a record rate of inflation for chocolate and jumps in the price of everyday items such as coffee and cheese. The average price of ...

Explore the effects of cost-push and demand-pull inflation on supply, demand, and prices. Learn the causes and key differences to better understand economic impacts.

A steep jump in the cost of air travel, cigarettes and live entertainment helped push up the UK’s overall inflation rate last month, despite price rises slowing for everyday groceries such as butter ...