Business Advice for all UK firms from starting a business to flotation
Key measure of inflation rises 0.4%
The Consumer Prices Index, a key measure of inflation, has risen for the first time since February, according to the Office for National Statistics.
The Consumer Prices Index (CPI) climbed to 1.5% in October, up from 1.1% in September. The Retail Prices Index (RPI) inflation measure, which includes mortgage interest payments and housing costs also rose, from -1.4% to -0.8%.
Inflation accelerated mainly because fuel prices declined significantly less than they did in the same period a year ago.
Although CPI is still below the Bank of England's 2% target, the figure is slightly above the 1.4% expected by many economic analysts.
The Bank expects inflation to rise further above the target in the months ahead, particularly when the temporary cut in VAT is reversed in January.
Post Date: November 17th, 2009
The Consumer Prices Index (CPI) climbed to 1.5% in October, up from 1.1% in September. The Retail Prices Index (RPI) inflation measure, which includes mortgage interest payments and housing costs also rose, from -1.4% to -0.8%.
Inflation accelerated mainly because fuel prices declined significantly less than they did in the same period a year ago.
Although CPI is still below the Bank of England's 2% target, the figure is slightly above the 1.4% expected by many economic analysts.
The Bank expects inflation to rise further above the target in the months ahead, particularly when the temporary cut in VAT is reversed in January.
»
- Login or register to post comments
- Printer friendly version
Post Date: November 17th, 2009
.
.
Accounting Advice | Banking & Finance | Business Continuity | Entrepreneurs | HR/Payroll Advice Insurance Advice | International Trade
Internet Advice I.T. Advice | Legal Advice | Marketing Advice | Office Management | Pensions & Benefits Property/Relocation | Recruitment Advice
Starting a Business | Telecommunications | Training/Education Travel Advice | Utilities Advice | Vehicles
copyright © 1998-2018 Newbusiness.
Homepage | Terms & Conditions | Copyright & Trademarks | Privacy Policy | Sitemail & Forum Policy | Sitemap