Inflation
Inflation returns to 2 per cent target for first time in nearly three years
![Prices are rising slower than before](/resources/images/128x89/1x/16633715.jpg)
![Prices are rising slower than before](/resources/images/180x180/1x/16633715.jpg)
!['Chronic underfunding' - Colleges face budget gap of nearly half a billion pounds](/resources/images/128x89/1x/6354231.jpg)
!['Chronic underfunding' - Colleges face budget gap of nearly half a billion pounds](/resources/images/180x180/1x/6354231.jpg)
Exclusive
![Inflation has dropped to its lowest point in two-and-a-half years](/resources/images/128x89/1x/17615454.jpg)
![Inflation has dropped to its lowest point in two-and-a-half years](/resources/images/180x180/1x/17615454.jpg)
![Closed restaurant](/resources/images/128x89/1x/12354933.jpg)
![Closed restaurant](/resources/images/180x180/1x/12354933.jpg)
![Inflation is at the lowest level since September 2021, the ONS said](/resources/images/128x89/1x/17615454.jpg)
![Inflation is at the lowest level since September 2021, the ONS said](/resources/images/180x180/1x/17615454.jpg)
![Supermarket](/resources/images/128x89/1x/17827273.jpg)
![Supermarket](/resources/images/180x180/1x/17827273.jpg)
![A representative sample of 2,305 adults in Scotland were surveyed in early February](/resources/images/128x89/1x/16633715.jpg)
![A representative sample of 2,305 adults in Scotland were surveyed in early February](/resources/images/180x180/1x/16633715.jpg)
![Prices are falling fastest in butter, milk, and toilet tissues](/resources/images/128x89/1x/17794962.jpg)
![Prices are falling fastest in butter, milk, and toilet tissues](/resources/images/180x180/1x/17794962.jpg)
![Bread and cereal prices dropped faster than at any point since May 2021, the ONS said](/resources/images/128x89/1x/17749814.jpg)
![Bread and cereal prices dropped faster than at any point since May 2021, the ONS said](/resources/images/180x180/1x/17749814.jpg)
![The Scottish Parliament chamber](/resources/images/128x89/1x/17651316.jpg)
![The Scottish Parliament chamber](/resources/images/180x180/1x/17651316.jpg)
![Major beauty retailer reports surge in sales of affordable festive gifts](/resources/images/128x89/1x/17645768.jpg)
![Major beauty retailer reports surge in sales of affordable festive gifts](/resources/images/180x180/1x/17645768.jpg)
![Shipping levels through the Suez Canal have slumped by the most since the Ever Given blockage in 2021](/resources/images/128x89/1x/13059198.jpg)
![Shipping levels through the Suez Canal have slumped by the most since the Ever Given blockage in 2021](/resources/images/180x180/1x/13059198.jpg)
Business Voices
![Sir Tom Hunter points to a lag in rate drops and their impact](/resources/images/128x89/1x/16981727.jpg)
![Sir Tom Hunter points to a lag in rate drops and their impact](/resources/images/180x180/1x/16981727.jpg)
![Inflationary price increases boost sales at Primark owner ABF](/resources/images/128x89/1x/17382297.jpg)
![Inflationary price increases boost sales at Primark owner ABF](/resources/images/180x180/1x/17382297.jpg)
![Food inflation falls to single digits for first time in 16 months](/resources/images/128x89/1x/17055291.jpg)
![Food inflation falls to single digits for first time in 16 months](/resources/images/180x180/1x/17055291.jpg)
![Festive test for Tesco as it lures in squeezed premium shoppers](/resources/images/128x89/1x/13075163.jpg)
![Festive test for Tesco as it lures in squeezed premium shoppers](/resources/images/180x180/1x/13075163.jpg)
Business Insight
![It is the first time food prices have decreased on the previous month in two years](/resources/images/128x89/1x/16633715.jpg)
![It is the first time food prices have decreased on the previous month in two years](/resources/images/180x180/1x/16633715.jpg)
![Everybody must eat, so why aren't we talking about our crippled food chain?](/resources/images/128x89/1x/16482355.jpg)
![Everybody must eat, so why aren't we talking about our crippled food chain?](/resources/images/180x180/1x/16482355.jpg)
Opinion
![Scottish bakeries set to come under new ownership](/resources/images/128x89/1x/17246676.jpg)
![Scottish bakeries set to come under new ownership](/resources/images/180x180/1x/17246676.jpg)
![UK inflation unexpectedly fell in August](/resources/images/128x89/1x/16054512.jpg)
![UK inflation unexpectedly fell in August](/resources/images/180x180/1x/16054512.jpg)
![Supermarket inflation falls to lowest in more than a year](/resources/images/128x89/1x/17217194.jpg)
![Supermarket inflation falls to lowest in more than a year](/resources/images/180x180/1x/17217194.jpg)
Business Briefing
![China is the UK's sixth-largest export market](/resources/images/128x89/1x/17191346.jpg)
![China is the UK's sixth-largest export market](/resources/images/180x180/1x/17191346.jpg)
![Chancellor Jeremy Hunt](/resources/images/128x89/1x/16046948.jpg)
![Chancellor Jeremy Hunt](/resources/images/180x180/1x/16046948.jpg)
![Kristy Dorsey: New energy price cap won't fix the import conundrum](/resources/images/128x89/1x/16677164.jpg)
![Kristy Dorsey: New energy price cap won't fix the import conundrum](/resources/images/180x180/1x/16677164.jpg)
![Falling energy prices are pushing down inflation](/resources/images/128x89/1x/17115739.jpg)
![Falling energy prices are pushing down inflation](/resources/images/180x180/1x/17115739.jpg)
![Warning of a coming 'surge' in company failures across Scotland](/resources/images/128x89/1x/16949857.jpg)
![Warning of a coming 'surge' in company failures across Scotland](/resources/images/180x180/1x/16949857.jpg)
![New report claims energy price cap is keeping bills higher than necessary](/resources/images/128x89/1x/16354680.jpg)
![New report claims energy price cap is keeping bills higher than necessary](/resources/images/180x180/1x/16354680.jpg)
![Supermarkets more than double profit margins at the petrol pumps](/resources/images/128x89/1x/16959685.jpg)
![Supermarkets more than double profit margins at the petrol pumps](/resources/images/180x180/1x/16959685.jpg)
![Explained in five minutes: Mortgages and divorce](/resources/images/128x89/1x/17027079.jpg)
![Explained in five minutes: Mortgages and divorce](/resources/images/180x180/1x/17027079.jpg)
!['Not everyone' aided by supermarket competition as prices remain inflated](/resources/images/128x89/1x/16587998.jpg)
!['Not everyone' aided by supermarket competition as prices remain inflated](/resources/images/180x180/1x/16587998.jpg)
![Bank of England Governor Andrew Bailey has fretted loudly and at length about the dangers of a wage-price spiral](/resources/images/128x89/1x/17014771.jpg)
![Bank of England Governor Andrew Bailey has fretted loudly and at length about the dangers of a wage-price spiral](/resources/images/180x180/1x/17014771.jpg)
Business Insight
![Grocery price inflation falls thanks to promotions but still 'incredibly high'](/resources/images/128x89/1x/16587998.jpg)
![Grocery price inflation falls thanks to promotions but still 'incredibly high'](/resources/images/180x180/1x/16587998.jpg)
![The Bank of England has been raising interest rates amid concerns about a wage-price spiral, but companies say rising labour costs are no longer their biggest concern](/resources/images/128x89/1x/17000880.jpg)
![The Bank of England has been raising interest rates amid concerns about a wage-price spiral, but companies say rising labour costs are no longer their biggest concern](/resources/images/180x180/1x/17000880.jpg)
![Explained in five minutes: Why are mortgage rates so high?](/resources/images/128x89/1x/16908103.jpg)
![Explained in five minutes: Why are mortgage rates so high?](/resources/images/180x180/1x/16908103.jpg)
![Andrew Bailey, Governor of the Bank of England](/resources/images/128x89/1x/15706152.jpg)
![Andrew Bailey, Governor of the Bank of England](/resources/images/180x180/1x/15706152.jpg)
![Sainsbury's boss says food inflation is easing, but will remain high throughout 2023](/resources/images/128x89/1x/16962743.jpg)
![Sainsbury's boss says food inflation is easing, but will remain high throughout 2023](/resources/images/180x180/1x/16962743.jpg)
![Food inflation is easing, but it's too soon to declare victory for Sainsbury's](/resources/images/128x89/1x/12929847.jpg)
![Food inflation is easing, but it's too soon to declare victory for Sainsbury's](/resources/images/180x180/1x/12929847.jpg)
Business Insight
![Confidence up as Scottish businesses look ahead to the busy summer months](/resources/images/128x89/1x/10267905.jpg)
![Confidence up as Scottish businesses look ahead to the busy summer months](/resources/images/180x180/1x/10267905.jpg)
![Vertu off to a fast start as car prices remain resilient](/resources/images/128x89/1x/16941217.jpg)
![Vertu off to a fast start as car prices remain resilient](/resources/images/180x180/1x/16941217.jpg)
![Economic strains fail to put the brakes on higher car prices](/resources/images/128x89/1x/16939242.jpg)
![Economic strains fail to put the brakes on higher car prices](/resources/images/180x180/1x/16939242.jpg)
Business Insight
![More than two-thirds of UK pub and restaurant bosses believe that over-50s could be the solution to acute recruitment issues](/resources/images/128x89/1x/16932208.jpg)
![More than two-thirds of UK pub and restaurant bosses believe that over-50s could be the solution to acute recruitment issues](/resources/images/180x180/1x/16932208.jpg)
![Prime Minister Rishi Sunak said halving inflation by the end of this year will be more difficult in the wake of latest data](/resources/images/128x89/1x/16755838.jpg)
![Prime Minister Rishi Sunak said halving inflation by the end of this year will be more difficult in the wake of latest data](/resources/images/180x180/1x/16755838.jpg)
Business Week
![Economists agree that the Bank is likely to raise interest rates on Thursday, and that more hikes are on the horizon](/resources/images/128x89/1x/16916995.jpg)
![Economists agree that the Bank is likely to raise interest rates on Thursday, and that more hikes are on the horizon](/resources/images/180x180/1x/16916995.jpg)
![It came as the supermarket reported total sales of £14.8 billion for the 13 weeks to May 27, with a like-for-like sales increase of 8.2%](/resources/images/128x89/1x/16894235.jpg)
![It came as the supermarket reported total sales of £14.8 billion for the 13 weeks to May 27, with a like-for-like sales increase of 8.2%](/resources/images/180x180/1x/16894235.jpg)
![Inflation rate falls](/resources/images/128x89/1x/16015150.jpg)
![Inflation rate falls](/resources/images/180x180/1x/16015150.jpg)
Updated
![David Farquhar, chief executive of IGS](/resources/images/128x89/1x/16775886.jpg)
![David Farquhar, chief executive of IGS](/resources/images/180x180/1x/16775886.jpg)
![Homeless Project Scotland runs the country's busiest soup kitchen under the Hielanman's Umbrella at Glasgow Central station](/resources/images/128x89/1x/13425998.jpg)
![Homeless Project Scotland runs the country's busiest soup kitchen under the Hielanman's Umbrella at Glasgow Central station](/resources/images/180x180/1x/13425998.jpg)
Business Insight
![Graham Blaikie of the Mercat Grill said some suppliers 'don't even tell you' when prices have gone up](/resources/images/128x89/1x/16771489.jpg)
![Graham Blaikie of the Mercat Grill said some suppliers 'don't even tell you' when prices have gone up](/resources/images/180x180/1x/16771489.jpg)
![Menu headaches as price increases come fast and furious](/resources/images/128x89/1x/16419056.jpg)
![Menu headaches as price increases come fast and furious](/resources/images/180x180/1x/16419056.jpg)
Business Insight
![Martin Kennedy, president of NFU Scotland](/resources/images/128x89/1x/16767141.jpg)
![Martin Kennedy, president of NFU Scotland](/resources/images/180x180/1x/16767141.jpg)
![Former MI5 boss Baroness Manningham-Buller says food security is not 'just getting a secure line of food from somewhere else'](/resources/images/128x89/1x/16765896.jpg)
![Former MI5 boss Baroness Manningham-Buller says food security is not 'just getting a secure line of food from somewhere else'](/resources/images/180x180/1x/16765896.jpg)
Business Insight
![Higher food prices 'baked in' as consumers seek inflationary relief](/resources/images/128x89/1x/16765619.jpg)
![Higher food prices 'baked in' as consumers seek inflationary relief](/resources/images/180x180/1x/16765619.jpg)
![Kristy Dorsey: Food is the ultimate energy source](/resources/images/128x89/1x/16760972.jpg)
![Kristy Dorsey: Food is the ultimate energy source](/resources/images/180x180/1x/16760972.jpg)
Business Insight
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