Tag: energy prices

400,000 more English homes in fuel poverty

400,000 more English homes in fuel poverty

An increase in the price of gas and electricity price at the end of 2011 is estimated to have pushed 400,000 more homes in England into fuel poverty, according to the Department for Energy and Climate Change (DECC). The new projections show that 3.9 million homes in England were in fuel poverty at the end […]

May 17, 2012 More
Mortgage fees and energy costs soar

Mortgage fees and energy costs soar

Mortgage fees have increased by 27 per cent in just three years, according to new data from independent comparison site Moneyfacts. The average mortgage arrangement fee is now £1.502, which is £321 more expensive than it was in 2009. While residential mortgage rates have fallen over the same period, helped by a record low Bank […]

April 11, 2012 More
Energy firms to reveal their best deals

Energy firms to reveal their best deals

The UK’s six largest energy companies will be required to write to their customers each year telling them if their current tariff is the cheapest one which meets their needs. Vulnerable customers, including pensioners and those eligible for assistance from the warm home discount scheme, will be contacted twice a year. The news, announced by […]

Fuel poverty continues to soar amid higher energy prices

Fuel poverty continues to soar amid higher energy prices

Statistics from the Department of Energy and Climate Change (DECC) have revealed fuel poverty continues to soar amid higher energy prices. Anyone spending over 10% of their household income on heating their homes are said to be in fuel poverty. Figures from the Department showed that the number of households in fuel poverty in 2003 […]

July 14, 2011 More
Indian inflation eases in April

Indian inflation eases in April

India’s wholesale price index, the country’s main inflation rate, eased last month to an annual 8.66% from March’s figure of 9.04%. However, the figure was still above the 8.48% expected by analysts and comes as fuel and food prices continue to rise. The food price index increased 8.71%, while the fuel price index rose 13.32% […]

May 16, 2011 More
German consumer confidence expected to fall further

German consumer confidence expected to fall further

Consumer confidence in Germany, which is the euro zone’s largest economy, is expected to fall further in May, according to the GfK research group. The market research company said its forward looking consumer sentiment index, based on a survey of about 2,000 people, will fall to 5.7 in May from April’s reading of 5.9. The […]

April 27, 2011 More
US consumer confidence falls in March

US consumer confidence falls in March

US consumer confidence fell in March after higher energy prices fuelled fears of inflation and consumers were hit by falling income expectations. The reading from the closely-monitored Consumer Confidence Index from the Conference Board dived to 63.4 in March from February’s three-year high of 72.0. The reading was below expectations of a fall to 65.0 […]

March 30, 2011 More
US consumer prices fall further in June

US consumer prices fall further in June

Official data from the Labor Department has today revealed that US consumer prices fell for the third consecutive month in June, by 0.1% on a monthly basis. The fall was attributed to declines in energy prices, which were down 2.9%, food prices remained flat. The fall in June followed declines of 0.1% and 0.2% in […]

July 20, 2010 More
Russian economy hit by drop in energy prices

Russian economy hit by drop in energy prices

The Russian economy, which is heavily dependant on oil exports, is forecasted to contract by 7.5% in 2009, according to President Dmitry Medvedev. The latest official figures suggest that the Russian economy declined 10.2% in the year to August, compared with the same period a year earlier. The economy has been hit hard by the […]

October 12, 2009 More
EDF sparks energy price war

EDF sparks energy price war

EDF this week relaunched its Energy Online v5 deal and claims to be it the cheapest energy supplier in the UK for average consumption households. The tariff undercuts British Gas by £35 per year according to price comparison site uSwitch.com. EDF guarantees the v5 package will remain at least 2% cheaper than equivalent tariffs with […]

July 26, 2009 More
US moves away from deflation

US moves away from deflation

Figures released by the US Labor Department revealed a slight rise in US consumer prices as energy prices increased. According to the Labor Department, the Consumer Price Index rose 0.3% – the first rise in six months, following a fall of 0.8% in December. The rise is seen as positive by many analysts who have […]

February 23, 2009 More
Pensioners’ inflation 80% higher than average

Pensioners’ inflation 80% higher than average

Pensioners face inflation rates 80% higher than for the average consumer because their budget only stretches to buy essentials, new research has discovered. Inflation dropped in January to 3% for the average consumer. Over 75s, meanwhile, faced inflation rates of 5.4%, according to research by the Alliance Trust. Younger generations spend more money on consumer […]

February 19, 2009 More