News in Review Wednesday 25th February 2026

This week’s News in Review covers the CPI dip to its lowest level since March 2025, retail sales increase of 1.8% in January and the US threat of global tariffs of 15%.

Key takeaways:

  • Latest ONS data shows the Consumer Prices Index fell to its lowest level since last March
  • ONS retail data shows sales volumes rose by 1.8% in January – the strongest monthly growth since May 2024
  • President Trump said he intends to impose global tariffs of 15%, escalating his response to a Supreme Court ruling