Inflation set to fall further after reaching 12-year low December 16, 2014 INFLATION in the UK has dropped to its lowest figure for over a decade and economists believe it will decline further still. Inflation fell to one per cent in November as measured by annual growth in the consumer price index, according to figures released yesterday by the Office for National Statistics (ONS). It marks a [...]
As consumer price rises fall to 1 per cent, is subdued inflation a new normal for the UK? December 16, 2014 Samuel Tombs, UK economist at Capital Economics, says Yes. Low inflation is unlikely to be just for Christmas. A combination of lower commodity and import prices, alongside stable energy bills, should mean that consumer price inflation falls to comfortably below 1 per cent in the coming months. And while the impact of these factors is [...]
UK inflation falls to lowest rate since 2002 thanks to plumetting oil prices December 16, 2014 UK inflation fell to its lowest rate since 2002 in November after petrol costs were cut due to plummeting oil prices. The rate of consumer price growth fell to one per cent last month, the lowest rate for 12 years and down from a 1.3 per cent rate in October. Any hopes investors [...]
Rising prices a bigger burden for low earners as inflation hits those spending least December 15, 2014 Households that spend the least and have lower disposable incomes have been hit harder by inflation over the past decade. Households in the lowest 10 per cent of spenders saw prices rise by 3.7 per cent per year on average between January 2003 and October 2014, figures released yesterday by the Office for National Statistics [...]
UK wages set to continue to beat inflation with a 2.5pc rise in pay over 2015 December 8, 2014 UK wages will continue to grow at a faster rate than prices, a management consultancy has forecast. Employees can expect to see a 2.5 per cent rise in pay over 2015, Hay Group said today. Meanwhile, inflation – annual growth in prices – is forecast to be 1.7 per cent in 2015, according to Hay [...]
Private schools have become “finishing schools for the children of oligarchs”, as fees rise at twice the speed of inflation November 23, 2014 The cost of private education has become so high that it is no longer an option for the majority of people in the UK, with teachers, doctors and lawyers among those no longer able to afford the fees, according to the headmaster at a top London school. Andrew Halls of King's College School, Wimbledon, [...]
The inflation-boosting video games set to become Christmas blockbusters November 19, 2014 Video games have been credited with helping to push up inflation in the run-up to Christmas – we take a look at some of the titles that will be raking in the big money The Crew This is racing sim meets Grand Theft Auto, with a vast open world America to explore (to [...]
New computer games like Assassin’s Creed Unity prompt inflation to edge up in October November 18, 2014 Inflation edged up in October, but is still expected to fall over the coming months. The headline measure of prices – the consumer prices index (CPI) – rose to 1.3 per cent for the year to October, up from 1.2 per cent in September, according to figures released by the Office for National Statistics yesterday. [...]
UK inflation: Consumer price index rises to 1.3 pc November 18, 2014 The rate of UK inflation rose to 1.3 per cent in the year to October 2014, recovering slightly from a suprise fall to 1.2 per cent the previous month. Smaller declines in transport costs – such as motor fuels and and air fares – drove the increase. Oil prices have plummeted recently, but they have [...]
Bank’s Andy Haldane invokes both tigers and doves for fighting low inflation November 17, 2014 Bank of England chief economist Andy Haldane will today invoke doves and tigers as he warns that expectations of very low inflation in Britain could become entrenched. Haldane likened controlling inflation to taming a tiger. He added that while it looked as though central banks had succeeded, declining inflation expectations in many countries showed the [...]