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16/09/2014
ONS Figures Show Further Fall In UK Inflation Rate
New figures from the Office for National Statistics (ONS) have revealed that the annual rate of inflation, measured as the Consumer Price Index (CPI), fell in August to 1.5%.
The news means that the Bank of England will not be under pressure to increase interest rates, as the CPI remains below its target of 2%.
The figures also show that Retail Price Index (RPI) fell to 2.4% in August, down from 2.5% in July.
The full statistics can be read on the ONS website.
(MH/CD)
The news means that the Bank of England will not be under pressure to increase interest rates, as the CPI remains below its target of 2%.
The figures also show that Retail Price Index (RPI) fell to 2.4% in August, down from 2.5% in July.
The full statistics can be read on the ONS website.
(MH/CD)
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Inflation fell to 0% in August, new figures from the Office for National Statistics (ONS) have revealed. The UK's national inflation rate fell from 0.1% in July, as measured by the Consumer Price Index. The ONS figures also show that the Retail Prices Index (RPI) rose from 1.0% in July to 1.1% in August.
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15 December 2009
Petrol Price Pump Up Inflation
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Petrol Price Pump Up Inflation
Growth in the UK inflation rate last month has been attributed to increased petrol prices. Official figures show the consumer prices index (CPI) rose faster than predicted to an annual rate of 1.9%, compared with 1.5% in October. November had the highest recorded figure since May. Inflation is expected to rise next year as VAT charges return to 17.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
