RRS or Email updates

Related stories

• The ageing population bomb
• Sterling crisis "claptrap"
• Shadow MPC "hold rates"
• A good recession for capitalists
• The impact of rising commodity prices
• UK inflation numbers
• European economy -2.3% annual, +0.1% quarterly
• Bank of England inflation report
• Unemployment statistics no sign of recovery
• Bank of England to print another $25bn

Latest

• The ageing population bomb
• Sterling crisis "claptrap"
• House prices down, trend uncertain
• Shadow MPC "hold rates"
• Warren Buffet on housing, acquisition and more
• A good recession for capitalists
• Europe's new population bomb
• The impact of rising commodity prices
• What is the point of multi-manager funds?
• Gold and the Euro

UK inflation lower

The latest release from the ONS shows inflation in the UK continued to fall, with the Retail Price Index (RPI — which includes mortgage interest payments) actually down 1.6% over the last 12 months.

The effect of housing costs was also clearly reflected in the difference between the RPIX (RPI excluding mortgage interest) and the CPI (Consumer Price Index). The latter, which excludes all housing costs, was up 1.8% while the RPIX rose just 1%. Moneyterms has further explanations of the differences between these measures of inflation.

The other major contributors to low inflation were falls in food and oil prices. The 8.1% fall in clothing and footwear prices was also significant and took 0.5% off the RPI (but with a much smaller effect on CPI).

We need user contribution, so please suggest stories/links

Comments