Tag: RPI

UK inflation edges higher in August

UK inflation edges higher in August

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to annual rate of 4.5% last month from July’s rate of 4.4%. However, the figure was in line with analysts’ expectations. Higher inflation continues to be led by rising food costs but the main reason behind last month’s rise was a 5.1% [...]

September 13, 2011 | 0 Comments More
UK inflation jumps to 4.4% in July

UK inflation jumps to 4.4% in July

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to annual rate of 4.4% last month after easing to 4.2% in June. Analysts had expected the figure to rise slightly to 4.3%. Higher inflation continues to be led by rising food costs – which grew by 6.2% in July, while clothes [...]

August 16, 2011 | 0 Comments More
UK inflation remains at 2½-year high in May

UK inflation remains at 2½-year high in May

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) held steady at an annual rate of 4.5% in May – the highest level since October 2008. However, the figure was in line with forecasts and high inflation has been attributed to rising energy and food prices. Today’s figures mean inflation continues to [...]

June 14, 2011 | 0 Comments More
New minimum wage comes into force today

New minimum wage comes into force today

The UK minimum wage will rise by 13p (2%) to £5.93 an hour today and is set to benefit almost one million people, according to the Low Pay Commission. The 13p an hour rise applies to workers aged 21 and over. Meanwhile, the rate for 18 to 20-year-olds will increase by 9p to £4.92, while [...]

October 1, 2010 | 0 Comments More
UK inflation remains unchanged at 3.1% in August

UK inflation remains unchanged at 3.1% in August

The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) held steady at the annual rate of 3.1% in August. The latest figure represents the ninth consecutive month that inflation has been above the Bank of England’s target of 2%. However, analysts had expected CPI to dip slightly to 2.9%. Inflation remained [...]

September 14, 2010 | 0 Comments More
UK inflation expected to ease slightly in August

UK inflation expected to ease slightly in August

The Office for National Statistics (ONS) is scheduled to announce the UK inflation rate this morning, with analysts expecting the annual rate to be around 2.9% - representing the ninth consecutive month that it has been above the Bank of England’s target of 2%. Last month, the ONS reported Consumer Price Inflation (CPI) eased to [...]

September 14, 2010 | 0 Comments More
UK inflation dips to 3.1% in July

UK inflation dips to 3.1% in July

The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) slipped to an annual rate of 3.1% in July - down from to 3.2% in June. The latest figure, which was widely expected by analysts, represents the eighth consecutive month that inflation has been above the Bank of England’s target of 2%. [...]

August 17, 2010 | 0 Comments More
UK inflation expected to ease slightly in July

UK inflation expected to ease slightly in July

The Office for National Statistics (ONS) is scheduled to announce the UK inflation rate this morning, with analysts expecting the annual rate to be around 3.1% - representing the eighth consecutive month that it has been above the Bank of England’s target of 2%. Last month, the ONS reported Consumer Price Inflation (CPI) eased to [...]

August 17, 2010 | 0 Comments More
UK inflation eases to 3.2% in June

UK inflation eases to 3.2% in June

The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) eased further to 3.2% in June - down from 3.5% in May. However, the rate was slightly higher than the 3.1% economists expected but has eased from the 17-month high of 3.7% in April. While the level still far exceeds the 2% [...]

July 13, 2010 | 0 Comments More
Minimum wage to rise 13p an hour from October

Minimum wage to rise 13p an hour from October

It has been announced that the UK minimum wage will rise by 13p (2%) to £5.93 an hour from October 1 and is set to benefit almost one million people, according to the Low Pay Commission. The 13p an hour rise applies to workers aged 21 and over. Meanwhile, the rate for 18 to 20-year-olds [...]

June 21, 2010 | 0 Comments More
UK inflation hits 17-month high in April

UK inflation hits 17-month high in April

The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) rose to 3.7% in April - the highest level in 17 months and far exceeding the 2% target. Furthermore, the increase was much higher than analysts’ expectations. The rise was boosted by food, fuel and clothing price gains. Annual food inflation reached [...]

May 18, 2010 | 0 Comments More
Labour pledges to increase basic state pension

Labour pledges to increase basic state pension

As the Labour Government’s general election campaign continues, its latest pledge is to increase the basic state pension in accordance with earnings from 2012 - provided the party is re-elected. The pensions-earnings link was scrapped by Margaret Thatcher thirty years ago and replaced with the retail price inflation index (RPI). However, with pensions being linked [...]

April 13, 2010 | 0 Comments More
UK inflation falls to 3% in February

UK inflation falls to 3% in February

The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) slowed to 3% in February - slightly more than the 3.1% expected by analysts. It is hoped today’s figures from the ONS will reinforce that inflation is on a downward trend after reaching a 14-month high of 3.5% in January. Inflation has [...]

March 23, 2010 | 0 Comments More
UK inflation hits 3.5% in January

UK inflation hits 3.5% in January

The Office for National Statistics has today announced that Consumer Price Inflation (CPI) rose to a 14-month high of 3.5% in January - as widely expected. The rise in inflation has been driven by higher petrol costs and the effects of the reduction in the standard rate of VAT. Meanwhile, CPI fell 0.2% on the [...]

February 16, 2010 | 0 Comments More
Inflation expected to exceed 3%

Inflation expected to exceed 3%

The Office for National Statistics (ONS) will announce the UK inflation rate this morning, which analysts are expecting to be around 3.5%. Last month, the ONS reported that Consumer Price Inflation (CPI) rose at its fastest annual pace in 9 months in December, rising to an annual rate to 2.9%. The rise was driven by [...]

February 16, 2010 | 0 Comments More
We ignore inflation “at our peril”

We ignore inflation “at our peril”

Inflation figures for December are “worrying” and should be “ignored at our peril”, a financial expert claimed this week. The Consumer Price Index rose from 1.9% to 2.9% in December, while the Retail Price Index jumped from 0.3% to 2.4%. David Kuo, director of financial website fool.co.uk, said the dramatic “surge in inflation” is “unlikely [...]

January 20, 2010 | 0 Comments More
UK inflation reaches 2.9% in December

UK inflation reaches 2.9% in December

The Office for National Statistics has today announced that Consumer Price Inflation (CPI) rose at its fastest annual pace in 9 months in December. CPI rose 0.6% in December on the month, taking the annual rate to 2.9%, up from 1.9% the previous month. This was the largest monthly rise in the annual index since [...]

January 19, 2010 | 0 Comments More
UK inflation rises to 1.9% in November

UK inflation rises to 1.9% in November

The Office for National Statistics has today announced that Consumer Price Inflation (CPI) rose again for the second consecutive month to 1.9%, up from 1.5% in October and a sharp rise from the 5-year low of 1.1% in September. The latest figure means CPI is just slightly under the Bank of England’s target of 2% [...]

December 15, 2009 | 0 Comments More
UK inflation rises to 1.5% in October

UK inflation rises to 1.5% in October

The Office for National Statistics has today announced that Consumer Price Inflation (CPI) rose for the first time in eight months to 1.5% in October from a 5-year low of 1.1% in September. The rise was not unexpected after a sharp fall in transport costs last year was not repeated this year and because fuel [...]

November 17, 2009 | 0 Comments More
UK inflation rate falls in September to 1.1%

UK inflation rate falls in September to 1.1%

The Consumer Prices Index (CPI), a key measure of inflation, has fallen from 1.6% to an annual 1.1% in August - the lowest level since September 2004, the Office for National Statistics (ONS) said today. While the decline in inflation was higher than analysts had expected, it was primarily due to lower food and energy [...]

October 13, 2009 | 0 Comments More