Rate of inflation is not as bad as you think but survey shows consumers are feeling the pinch September 5, 2014 The Bank of England has released the results of its latest survey into what consumers believe the rate of inflation will be over the next 12 months. The figure was up 0.2 percentage points to 2.8 per cent, while respondents believed the current rate to be around 3.4 per cent. Were the true figure to be hovering [...]
UK inflation rate fell to lowest level in five years last month June 17, 2014 Inflation fell to its lowest level in five years this May, coming in at just 1.5 per cent, despite the continued strength of the economic recovery. A 3.2 per cent drop in air fares between April and May, driven by a spike around the Easter school holidays, helped to trim CPI to its slowest growth [...]
UK inflation falls to 1.9pc in January February 18, 2014 UK inflation figures have shown further signs of improvement in the recovery, falling below the Bank of England’s inflation target for the first time since November 2009. Measured by the consumer price index (CPI), prices rose by 1.9 per cent in January, below the two per cent expected. Month-on-month, CPI dropped 0.6 per cent. According [...]
UK inflation slowdown tests Bank of England’s forward guidance August 13, 2013 The rate of inflation in the UK slowed in July, triggering speculation about how this could affect the central bank's future monetary policy. The Office for National Statistics' consumer price index decelerated to an annual rate of 2.8 per cent, down slightly from the 2.9 per cent the month before. The fall was driven primarily [...]
UK inflation jumps to 2.7 per cent November 13, 2012 The consumer prices measure of inflation jumped to 2.7 per cent in October, up from 2.2 per cent in September, with the hike in university fees behind the rise. Aside from university tuition fees, price rises in food and transport also contributed to the increase, according to official figures from the Office for National Statistics. [...]