Tag: consumer price inflation

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 eases to 4.2% in June

UK inflation eases to 4.2% in June

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) unexpected fell to annual rate of 4.2% last month from May’s 2½-year high of 4.5%. Analysts had expected the figure to remain at 4.5%. However, the figure remains more than double the target of 2% and has been above this level since December [...]

July 12, 2011 | 0 Comments More
Three policy members again vote for interest rate rise

Three policy members again vote for interest rate rise

Minutes of the Bank of England’s March 9-10 meeting have been released today and have revealed the Monetary Policy Committee (MPC) again voted 6-3 to lift interest rates and 8-1 to restart the Bank’s quantitative easing (QE) scheme. Adam Posen, again, called for an injection of £50 billion via the QE scheme to boost the [...]

March 23, 2011 | 0 Comments More
UK inflation surges to 4.4% in February

UK inflation surges to 4.4% in February

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to an annual rate of 4.4% in February – the highest rate since October 2008. The latest figures mean inflation is still way above the target of 2% – where it has been for more than a year and exceeded economists expectations [...]

March 22, 2011 | 0 Comments More
UK inflation surges to 4% in January

UK inflation surges to 4% in January

February 15, 2011 | 0 Comments More
Will UK interest rates be raised today?

Will UK interest rates be raised today?

According to some economists, there is a very small chance that the Bank of England could raise interest rates today. The Monetary Policy Committee (MPC) commenced its two-day meeting yesterday and earlier this week, City bank JP Morgan said there was a 40% chance that rates will be lifted from their historic low of 0.5% [...]

February 10, 2011 | 0 Comments More
Policymaker urges BoE to respond to inflation

Policymaker urges BoE to respond to inflation

Andrew Sentance, one of the Bank of England’s Monetary Policy Committee (MPC) members, has once again spoken of stubbornly high inflation. Mr Sentance has, at the last seven rate-setting meetings, voted for the base rate to be lifted, in order to combat high inflation. He is expected to have voted this month for rates to [...]

January 24, 2011 | 0 Comments More
UK inflation surges to 8-month high in December

UK inflation surges to 8-month high in December

The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) rose to an annual rate of 3.7% in December, up from 3.3% in November. The figure was much higher than the 3.4% analysts had expected and inflation has now been above its target of 2% for over a year. Many leading business [...]

January 18, 2011 | 0 Comments More
UK inflation rises to 6-month high in November

UK inflation rises to 6-month high in November

The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) rose to an annual rate of 3.3% in November, up from 3.2% in October. The latest figure represents the highest since May and inflation has now been above the target of 2% for a year. Meanwhile, toady’s figure surprised analysts who had [...]

December 14, 2010 | 0 Comments More
German CPI climbs to 1.5% in November

German CPI climbs to 1.5% in November

Germany’s statistics office, Destatis, has today revealed annual German consumer price inflation (CPI) increased to the highest rate in two years in November, rising to 1.5%, from 1.3% in October. This represented the highest rate since October 2008. Meanwhile, on a monthly basis, prices rose 0.1%. German inflation is still well below the target of [...]

December 9, 2010 | 0 Comments More
UK inflation rises to 3.2% in October

UK inflation rises to 3.2% in October

The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) rose to an annual rate of 3.2% in October, up from 3.1% in September. The latest figure represents the eleventh consecutive month that inflation has been above the target of 2% and will prompt the Governor of the Bank of England, Mervyn [...]

November 16, 2010 | 0 Comments More
MPC member suggests monetary policy will remain on hold

MPC member suggests monetary policy will remain on hold

Professor David Miles, who joined the Bank of England’s Monetary Policy Committee (MPC) in June 2009, has today hinted that monetary policy will remain on hold for the short-term. Speaking in Dublin today, Mr Miles warned that the Bank faces a dilemma as to whether to take more notice of inflation or the threat of [...]

October 12, 2010 | 0 Comments More
UK inflation holds steady at 3.1% in September

UK inflation holds steady at 3.1% in September

The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) held steady at the annual rate of 3.1% in September. The latest figure represents the tenth consecutive month that inflation has been above the Bank of England’s target of 2%. The figure did not surprise analysts, who had expected CPI to remain [...]

October 12, 2010 | 0 Comments More
UK inflation expected to remain above 3%

UK inflation expected to remain above 3%

The Office for National Statistics (ONS) is scheduled to announce the UK inflation rate tomorrow morning, with analysts expecting the annual rate to remain above the 3% mark. Last month, the ONS reported Consumer Price Inflation (CPI) remained unchanged at 3.1% in August - representing the ninth consecutive month that it has been above the [...]

October 11, 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 expected to ease in February

UK inflation expected to ease in February

The Office for National Statistics (ONS) is scheduled to announce the UK inflation rate tomorrow morning, with analysts expecting the annual rate to be around 3.1%. Last month, the ONS reported Consumer Price Inflation (CPI) rose to a 14-month high of 3.5% in January - a figure that was expected by analysts. The rise was [...]

March 22, 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
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 1.5% 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