Ofgem price reductions and Middle East conflict are impacting UK inflation data, according to ONS.
6 reports, 3 independent
Updated Aug 26
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New informationRepeats or wire copies
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What happened
Ofgem price reductions and Middle East conflict are impacting UK inflation data, according to ONS.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.ONS data links hostilities to inflation, and a survey tracked wealth decline in 37 wealthy nations.1 source
- Fallout from Middle East conflict adds uncertainty.Sub-event
UK inflation data is being affected by Ofgem price reductions and fuel price pressures from the Middle East conflict.1 source
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The entities involved
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ONS
in the Netherlands and Flanders, Belgium
- A project inspired by Barcelona's Superblock Municipalism is underway in Leicester, involving Owen and the fictional AI infrastructure ONS for Frog Island.
- The National Audit Office reviewed business support schemes and found that tax reliefs lack economic objectives, utilizing official ONS subsidy data.
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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- The war in the Middle East impacted inflation outlook, commented on by expert Cevdet Yılmaz.
- Middle East conflicts are impacting global supply chains, leading to increased raw material costs that affect the Bank of England's management of inflation and interest rates in Great Britain.