Tag: energy costs

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
UK inflation could hit 5% this year

UK inflation could hit 5% this year

According to the Bank of England, inflation could reach 5% later this year, driven higher by rising energy costs. Energy costs are rising due to the surge in crude oil on the back of the ongoing political unrest in North Africa and the Middle East. In its latest quarterly inflation report, the Bank said upward [...]

May 11, 2011 | 0 Comments More
US consumer spending up in February

US consumer spending up in February

The Commerce Department has today reported a rise in consumer spending in the US for the month of February - due, in part, to higher food and energy costs. Spending grew 0.7% in the month after a 0.3% increase in January. February’s figure represented the fastest pace for four months but this was attributed to [...]

March 28, 2011 | 0 Comments More
US producer prices in February fall

US producer prices in February fall

The US Labor Department has today reported a fall in producer prices of 0.6% in February - the biggest fall since July 2009. The fall, which was worse than expected, was attributed to a 2.9% decline in energy costs. Compared to February 2009, producer prices grew 4.4%, but they slowed from a 4.6% annualised rise [...]

March 17, 2010 | 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
UK inflation rate falls to 49-year low

UK inflation rate falls to 49-year low

Figures out today from the Office for National Statistics (ONS) have revealed that consumer price inflation (CPI) fell in January to an annual rate of 3% from 3.1% the previous month. Inflation reached a 16-year high in September of 5.2% but today’s fall means the rate is still higher than the Bank of England’s target [...]

February 17, 2009 | 0 Comments More