Menu
17/07/2012
Inflation Rates Falls To 2.4%
UK prices are rising at their slowest rate since the end of 2009, according to official figures.
The Office for National Statistics have said that the annual inflation rate, as measured by the Consumer Prices Index, fell to 2.4% in June, down from from 2.8% in May.
The rate of inflation, which indicates how fast prices are rising compared with a year earlier, is slowing due to lower food, fuel and clothing prices.
Alongside this the Retail Prices Index, which includes housing costs, fell to 2.8% from 3.1%.
This is the third month in a row that CPI has fallen.
The biggest contributor to the fall was clothing and footwear, which was 4.2% lower, which the ONS have said could be due to retailers starting their summer sales early.
Overall, alcohol and transport costs were down by 0.5%, with food prices 0.1% lower.
The slowing of the inflation rate brings it closer to the Bank of England's target of 2%.
(H)
The Office for National Statistics have said that the annual inflation rate, as measured by the Consumer Prices Index, fell to 2.4% in June, down from from 2.8% in May.
The rate of inflation, which indicates how fast prices are rising compared with a year earlier, is slowing due to lower food, fuel and clothing prices.
Alongside this the Retail Prices Index, which includes housing costs, fell to 2.8% from 3.1%.
This is the third month in a row that CPI has fallen.
The biggest contributor to the fall was clothing and footwear, which was 4.2% lower, which the ONS have said could be due to retailers starting their summer sales early.
Overall, alcohol and transport costs were down by 0.5%, with food prices 0.1% lower.
The slowing of the inflation rate brings it closer to the Bank of England's target of 2%.
(H)
Related UK National News Stories
Click here for the latest headlines.
12 April 2005
UK house prices fall, report shows
UK house prices fell by 0.5% between January and February, figures from the Office of the Deputy Prime Minister (ODPM) have shown. The drop in prices, which saw the average house price in the UK in February fall to £179,491 from £180,465 in January, is smaller than the 1% fall reported in the same period last year.
UK house prices fall, report shows
UK house prices fell by 0.5% between January and February, figures from the Office of the Deputy Prime Minister (ODPM) have shown. The drop in prices, which saw the average house price in the UK in February fall to £179,491 from £180,465 in January, is smaller than the 1% fall reported in the same period last year.
14 February 2012
UK Inflation Rate Falls To 3.6% In January
Inflation has falled in January as the impact of last year's VAT rise was no longer shown in the figures. Consumer Prices Index (CPI) inflation in the UK fell to 3.6% in January, down from 4.2% in December, according to the Office for National Statistics (ONS) on Tuesday.
UK Inflation Rate Falls To 3.6% In January
Inflation has falled in January as the impact of last year's VAT rise was no longer shown in the figures. Consumer Prices Index (CPI) inflation in the UK fell to 3.6% in January, down from 4.2% in December, according to the Office for National Statistics (ONS) on Tuesday.
12 October 2010
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
17 December 2013
ONS Report Four-Year-Low For CPI Inflation Rate
The Office for National Statistics (ONS) reported that in November the UK's inflation rate, as measured by the consumer prices index, has fallen to a four year low of 2.1%. The fall, down from 2.2% in October, has been credited to slower increases in food and energy prices, the ONS has said.
ONS Report Four-Year-Low For CPI Inflation Rate
The Office for National Statistics (ONS) reported that in November the UK's inflation rate, as measured by the consumer prices index, has fallen to a four year low of 2.1%. The fall, down from 2.2% in October, has been credited to slower increases in food and energy prices, the ONS has said.
20 March 2012
UK Inflation Falls To Lowest Since 2010
UK inflation has continued to fall into February thanks largely to lower gas and electricity prices. Februarys Consumer Price Index (CPI) inflation fell to 3.4%, a .2% drop since January. Retail Price Index (RPI) inflation, including mortgage interest payments, also fell to 3.7% from 3.9%.
UK Inflation Falls To Lowest Since 2010
UK inflation has continued to fall into February thanks largely to lower gas and electricity prices. Februarys Consumer Price Index (CPI) inflation fell to 3.4%, a .2% drop since January. Retail Price Index (RPI) inflation, including mortgage interest payments, also fell to 3.7% from 3.9%.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
