Failure to control inflation damages Britain’s recovery November 13, 2012 THE Bank of England sets interest rates to keep inflation low to preserve the value of your money,” reads the puff on the front page of the Bank’s website. But it’s done a poor job recently. The 2.7 per cent annual rise in the consumer prices index (CPI), announced yesterday, is better than last September’s [...]
UK inflation jumps to 2.7 per cent November 13, 2012 The consumer prices measure of inflation jumped to 2.7 per cent in October, up from 2.2 per cent in September, with the hike in university fees behind the rise. Aside from university tuition fees, price rises in food and transport also contributed to the increase, according to official figures from the Office for National Statistics. [...]
Analysts expect statistics will show inflation rose in October November 11, 2012 INFLATION jolted back up in October, analysts predicted over the weekend, rising above the Bank of England’s target. A one-off hike in tuition fees, combined with air fare increases – typically volatile – and steadily rising food prices will drive inflation on the consumer price index (CPI) above September’s 2.2 per cent, analysts forecast. “Tuesday’s [...]
BRC sees retail sales dip ahead of Christmas as food price inflation rises November 6, 2012 SHOP price inflation climbed in October, the British Retail Consortium (BRC) revealed yesterday, as food prices boomed. Shop prices rose 1.5 per cent in the year to October, the data showed, up from the one per cent growth in the year to September. This increase was driven by a four per cent climb in food [...]
UK retail sales fizzle out after spending falls November 5, 2012 SIGNS of improved spending on the high street have proved to be something of a damp squib after retail sales in October slowed to their lowest growth in 11 months. Following strong sales the previous month, like-for-like retail sales fell 0.1 per cent in October compared with the same time last year, the British Retail [...]
Bank told forecasts are flawed November 1, 2012 INFLATION has been damaging British living standards and dragging down the economy – but the officials who are meant to keep a lid on prices didn’t do enough to help because their forecasts were too often wrong, according to a Bank of England report out today. And even though the Bank was consistently worse at [...]
Challenging times lie ahead despite solid GDP growth October 25, 2012 SOME good GDP news at last! The UK economy is growing again. It’s official. In fact, the initial estimate of growth in the third quarter exceeded market expectations of 0.6-0.7 per cent growth by a long way. And – at 1 per cent of GDP – it now appears to be the strongest quarter of [...]
City Views | Is inflation going to fall back to Earth? October 16, 2012 NAVEEN SHARMA RBC Market conditions are very weak – business is doing poorly – and commodity prices across the world are rising. No one can be absolutely sure, but I think inflation is on its way back up. MOHAMMAD FARHAN KYNETIX Inflation is set to rise, based on rapidly rising fuel and food prices around the [...]
Rapid responses October 16, 2012 Trade to prosperity [Re: Trade and tech are the solution to the world’s food crisis, yesterday] Nick Schulz is correct. It’s vital that we don’t let international development policy get captured by groups with no interest in the development of poor, rural economies. This is why it’s so worrying that the government emphasises its commitment [...]
Analysts expect inflation to slip due to one-off utility bill factor October 14, 2012 CONSUMER price inflation will have slipped in September, analysts said yesterday, ahead of data coming out tomorrow. “Inflation should have fallen sharply in September,” said Vicky Redwood at Capital Economics, “Given that we have reached the anniversary of sharp rises in utility prices a year ago.” Redwood predicted the rate would dive to 1.9 per [...]