Menu
17/02/2004
UK inflation set to grow further
The latest government figures have revealed that inflation in the UK has grown by 0.1% to reach 1.4% in January.
This remains well below the target figure of 2%, but the Consumer Price Index (CPI) figures revealed that inflation had risen from 1.3% in December 2003 to 1.4% in January 2004, and analysts have warned that inflation looks is set to rise further in the year.
Yearly figures showed that the retail prices index (RPI) rose by slightly less than 2.6%, down from 2.8% in December.
The main inflationary pressure was the result of the increased prices of goods and services, increased financial charges and reduced discounts on clothing and footware.
However, unchanged fees for satellite and digital television was noted as a downward effect as in the previous year charges for these services had risen. Falling prices for some pre-recorded media was also mentioned as a downward effect on the economy.
Although the level of inflation remains below the government's targets, the recent quarter point interest rate rise is expected to feed through into increased inflation.
The monthly consumer prices index (CPI) is the main UK measure of domestic inflation.
(SP)
This remains well below the target figure of 2%, but the Consumer Price Index (CPI) figures revealed that inflation had risen from 1.3% in December 2003 to 1.4% in January 2004, and analysts have warned that inflation looks is set to rise further in the year.
Yearly figures showed that the retail prices index (RPI) rose by slightly less than 2.6%, down from 2.8% in December.
The main inflationary pressure was the result of the increased prices of goods and services, increased financial charges and reduced discounts on clothing and footware.
However, unchanged fees for satellite and digital television was noted as a downward effect as in the previous year charges for these services had risen. Falling prices for some pre-recorded media was also mentioned as a downward effect on the economy.
Although the level of inflation remains below the government's targets, the recent quarter point interest rate rise is expected to feed through into increased inflation.
The monthly consumer prices index (CPI) is the main UK measure of domestic inflation.
(SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
21 November 2005
Small rise in UK house prices
According to the latest figures from the Office of the Deputy Prime Minister, house prices in September rose for the first time in six months. UK annual house price inflation in September 2005 was 3.3% up from 2.8% in August 2005. Annual house price inflation in London was 1.9% in September 2005, up from 0.8% cent in August 2005.
Small rise in UK house prices
According to the latest figures from the Office of the Deputy Prime Minister, house prices in September rose for the first time in six months. UK annual house price inflation in September 2005 was 3.3% up from 2.8% in August 2005. Annual house price inflation in London was 1.9% in September 2005, up from 0.8% cent in August 2005.
12 January 2004
House price inflation falls in November
House price inflation dropped by 1.1% in the October to November period compared to an increase of 1% in the same period last year, according to the government's latest House Price Index (HPI) figures. The HPI figures published by the Office of the Deputy Prime Minister (ODPM) today revealed that UK house price inflation fell from 12.
House price inflation falls in November
House price inflation dropped by 1.1% in the October to November period compared to an increase of 1% in the same period last year, according to the government's latest House Price Index (HPI) figures. The HPI figures published by the Office of the Deputy Prime Minister (ODPM) today revealed that UK house price inflation fell from 12.
03 January 2002
House price growth to slow in 2002
The property market is set to experience a slip in demand during 2002 according to leading UK mortgage lender Nationwide and a twice-yearly survey by the CBI and property advisers GVA Grimley. The Nationwide review of 2001 revealed that UK house prices grew significantly during 2001 despite the global economic slowdown.
House price growth to slow in 2002
The property market is set to experience a slip in demand during 2002 according to leading UK mortgage lender Nationwide and a twice-yearly survey by the CBI and property advisers GVA Grimley. The Nationwide review of 2001 revealed that UK house prices grew significantly during 2001 despite the global economic slowdown.
03 August 2001
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
05 February 2004
Interest rates rise to 4%
Interest rates have been upped today a quarter percentage point to 4%, the Bank of England has announced. The bank's Monetary Policy Committee (MPC), said that it based the decision in the light of the latest quarterly projections for output and inflation, to be published in the February Inflation Report.
Interest rates rise to 4%
Interest rates have been upped today a quarter percentage point to 4%, the Bank of England has announced. The bank's Monetary Policy Committee (MPC), said that it based the decision in the light of the latest quarterly projections for output and inflation, to be published in the February Inflation Report.
-
Northern Ireland WeatherToday:A very mild, but mostly cloudy day, although with some bright or sunny spells. It will be mostly dry in the morning, but a little patchy light rain or drizzle at times in the afternoon. Maximum temperature 14 °C.Tonight:A band of heavier rain will move east during the evening before clearing eastwards after midnight. then mostly dry through the early hours, but a little rain towards dawn. Minimum temperature 8 °C.
