New computer games like Assassin’s Creed Unity prompt inflation to edge up in October November 18, 2014 Inflation edged up in October, but is still expected to fall over the coming months. The headline measure of prices – the consumer prices index (CPI) – rose to 1.3 per cent for the year to October, up from 1.2 per cent in September, according to figures released by the Office for National Statistics yesterday. [...]
UK inflation: Consumer price index rises to 1.3 pc November 18, 2014 The rate of UK inflation rose to 1.3 per cent in the year to October 2014, recovering slightly from a suprise fall to 1.2 per cent the previous month. Smaller declines in transport costs – such as motor fuels and and air fares – drove the increase. Oil prices have plummeted recently, but they have [...]
Bank’s Andy Haldane invokes both tigers and doves for fighting low inflation November 17, 2014 Bank of England chief economist Andy Haldane will today invoke doves and tigers as he warns that expectations of very low inflation in Britain could become entrenched. Haldane likened controlling inflation to taming a tiger. He added that while it looked as though central banks had succeeded, declining inflation expectations in many countries showed the [...]
Inflation likely to remain well below 2pc mark – London Week Ahead November 16, 2014 Inflation figures released today are likely to show that price rises, as measured by the consumer prices index (CPI), remained far below the Bank of England’s two per cent “target” in October. Most economists expect inflation to remain unchanged at 1.2 per cent, although September’s fall from 1.5 per cent in August means there is [...]
Inflation set to stay low for up to three years November 12, 2014 THE BANK of England (BoE) yesterday shifted its expectations of a first rate hike to late 2015 as it forecast inflation to stay below target until 2017. The UK’s economic growth was predicted to slow in 2015 to 2.9 per cent after forecasting 3.5 per cent growth for the whole of 2014. Weak growth in [...]
As the Bank of England predicts low inflation for longer, is real wage growth here to stay? November 12, 2014 Rob Wood is chief UK economist at Berenberg Bank, says Yes. Real wage growth is here to stay, but it’s important to keep some perspective. We are finally seeing wages rise above inflation, partly because petrol and food price falls have dragged the latter down. Money wage growth remains weak, if better than a few [...]
Quarterly inflation report: Bank of England signals no interest rate hike until autumn 2015, cuts growth and inflation forecasts November 12, 2014 No rate rise until next autumn – that was the message from Bank of England governor Mark Carney in his quarterly inflation report this morning. "What really matters is the broad process of monetary policy, not a specific date for the first interest rate rise", Carney said, causing markets to predict the first increase will [...]
UK unemployment sticks at 6 per cent – as wage growth finally rises above inflation November 12, 2014 UK unemployment remained flat at six per cent in the three months to September, slightly missing analyst expectations, official statistics published this morning showed. In total there were 30.79m people in work, according to the Office for National Statistics (ONS). This was 112,000 more than for April to June 2014 and 694,000 more than for a year [...]
Inflation dips to four-year low in China as economy slows down November 10, 2014 Inflation in China remained low in October, signalling the economy was still cooling. The consumer price index – the headline inflation figure – was 1.6 per cent higher in October than it was last year, according to figures yesterday released by the National Bureau of Statistics. Annual CPI is at its lowest since December 2009. [...]
Bank’s inflation report to give clues on rates – London Week November 9, 2014 MARKET attention this week will focus on the Bank of England’s Inflation Report, due for release on Wednesday, and the latest set of macroeconomic projections contained within it. The figures will help investors and analysts to determine just how far market expectations for the first hike in the interest rate have been pushed back. The [...]