Tag: CPI inflation

Bank of England votes against more economic stimulus

Bank of England votes against more economic stimulus

The Bank of England voted against a further round of quantitative easing, at its latest Monetary Policy Committee (MPC) meeting. Just one member, David Miles, voted for further asset purchase to encourage growth in the UK economy, while the other eight members voted to keep the Bank’s quantitative easing programme steady at £325bn. The minutes [...]

May 24, 2012 | 0 Comments More
Inflation rate falls to 3.4%

Inflation rate falls to 3.4%

The latest official figures from the Office for National Statistics (ONS) show that inflation fell to 3.4 per cent in February, from 3.6 per cent in the previous month, according to the Consumer Prices Index (CPI). Using the Retail Prices Index (RIP) measurement, which includes housing costs such a mortgage interest and council tax, inflation [...]

March 20, 2012 | 0 Comments More
Incomes fall 3.5% for UK households

Incomes fall 3.5% for UK households

A combination of high inflation and low earnings growth has caused the incomes of UK households to fall by 3.5 per cent in real terms according to the latest figures from the Office for National Statistics (ONS). The annual households earning survey found that the median salary for a full-time worker in the UK increased [...]

November 23, 2011 | 0 Comments More