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14/08/2001
Inflation rate fall may herald a further interest rate cut
Speculation is growing that a fall in the underlying inflation rate, down to 2.2 per cent, may give the Bank of England’s Monetary Policy Committee further room for manoeuvre to lower interest rates.
Continued severe pressure on manufacturing industry has prompted further calls from industry leaders seeking another cut in the UK interest rate. While analysts had expected the underlying rate of inflation to drop by 0.1 per cent, figures released on Tuesday 14 August by the Office for National Statistics revealed that the rate had dipped by 0.2 per cent.
The all items index RPIX, which excludes mortgage interest payments, showed that inflation rose by 2.2 per cent, down from 2.4 per cent last month.
This is well below the Bank of England’s projected inflation target of 2.5 per cent on the year.
The drop has been attributed to substantial reductions in food prices particularly seasonal produce, which following worries over quality and supply, had experienced a steep rise in July.
The next inflation rate report is due to be produced on September18.
The general Retail Prices Index (RPI) is the main domestic measure of inflation in the UK.
The RPI measures the average change from month to month in the prices of goods and services purchased by most households in the UK.
(SP)
Continued severe pressure on manufacturing industry has prompted further calls from industry leaders seeking another cut in the UK interest rate. While analysts had expected the underlying rate of inflation to drop by 0.1 per cent, figures released on Tuesday 14 August by the Office for National Statistics revealed that the rate had dipped by 0.2 per cent.
The all items index RPIX, which excludes mortgage interest payments, showed that inflation rose by 2.2 per cent, down from 2.4 per cent last month.
This is well below the Bank of England’s projected inflation target of 2.5 per cent on the year.
The drop has been attributed to substantial reductions in food prices particularly seasonal produce, which following worries over quality and supply, had experienced a steep rise in July.
The next inflation rate report is due to be produced on September18.
The general Retail Prices Index (RPI) is the main domestic measure of inflation in the UK.
The RPI measures the average change from month to month in the prices of goods and services purchased by most households in the UK.
(SP)
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18 June 2002
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
16 October 2001
Sharp drop in UK inflation
The rate of UK inflation, which includes mortgage interest payments, fell in September by 0.4 of a percentage point to 1.7 per cent, according to the Office for National Statistics. The underlying rate fell just below the government’s target level of 2.5 per cent to 2.3 per cent.
Sharp drop in UK inflation
The rate of UK inflation, which includes mortgage interest payments, fell in September by 0.4 of a percentage point to 1.7 per cent, according to the Office for National Statistics. The underlying rate fell just below the government’s target level of 2.5 per cent to 2.3 per cent.
17 July 2001
UK INFLATION REMAINS AT TWO YEAR HIGH
UK inflation has remained at a two-year high, official figures have revealed. The Office for National Statistics (ONS) revealed prices were 2.4 per cent higher in June than the same month a year before.
UK INFLATION REMAINS AT TWO YEAR HIGH
UK inflation has remained at a two-year high, official figures have revealed. The Office for National Statistics (ONS) revealed prices were 2.4 per cent higher in June than the same month a year before.
16 April 2002
UK inflation rises during March
The Office for National Statistics has said that UK inflation, excluding mortgage repayments, rose by 0.1 per cent to 2.3 per cent in March from the previous month. The underlying rate of inflation remains under the government's target of 2.
UK inflation rises during March
The Office for National Statistics has said that UK inflation, excluding mortgage repayments, rose by 0.1 per cent to 2.3 per cent in March from the previous month. The underlying rate of inflation remains under the government's target of 2.
04 September 2001
Bank likely to leave interest rate unchanged
The Monetary Policy Committee (MPC) of the Bank of England are likely to leave interest rates unchanged at 5 per cent. The Committee are due to begin their latest two-day meeting amid a spate of calls for another cut in the interest rate.
Bank likely to leave interest rate unchanged
The Monetary Policy Committee (MPC) of the Bank of England are likely to leave interest rates unchanged at 5 per cent. The Committee are due to begin their latest two-day meeting amid a spate of calls for another cut in the interest rate.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
