Menu
20/04/2006
UK inflation rate slows
UK inflation rose by 1.8% in March, according to the latest figures, representing a drop of 0.2% on February's figures.
The Consumer Price Index, the government's target measure, fell to 1.8% from February's figures of 2%, which had also been predicted for March.
The Office of National Statistics said that the largest downward effect on the CPI came from food and non-alcoholic beverages. Milk prices dropped by around 2p per pint last month, while good supplies of vegetables such as cauliflowers, cucumbers and lettuces also led to price falls, compared to increases last year.
Transport also had a large downward effect on the CPI, largely due to petrol pump prices and air fares, the ONS said. Average petrol prices showed little change in March, compared with increases of over 1.5p per litre a year ago.
The price of recorded air fares also fell for the third month running, compared with increases a year ago, particularly on domestic and European routes
Another further downward effect came from recreation and culture. Following increases in February, prices for computer games dropped in march, along with prices for digital camcorders, which were reduced due to special offers in a number of outlets.
The largest upward contribution came from housing and household services, due to the increase in gas and electricity bills, along with alcohol and tobacco, as prices for some wines increased in March, compared to reductions a year ago.
RPI inflation, which includes mortgage interest payments, remained unchanged last month at 2.4%.
The figures are likely to increase calls for the Bank of England to reduce interest rates. They have remained on hold at 4.5% for eight months.
(KMcA)
The Consumer Price Index, the government's target measure, fell to 1.8% from February's figures of 2%, which had also been predicted for March.
The Office of National Statistics said that the largest downward effect on the CPI came from food and non-alcoholic beverages. Milk prices dropped by around 2p per pint last month, while good supplies of vegetables such as cauliflowers, cucumbers and lettuces also led to price falls, compared to increases last year.
Transport also had a large downward effect on the CPI, largely due to petrol pump prices and air fares, the ONS said. Average petrol prices showed little change in March, compared with increases of over 1.5p per litre a year ago.
The price of recorded air fares also fell for the third month running, compared with increases a year ago, particularly on domestic and European routes
Another further downward effect came from recreation and culture. Following increases in February, prices for computer games dropped in march, along with prices for digital camcorders, which were reduced due to special offers in a number of outlets.
The largest upward contribution came from housing and household services, due to the increase in gas and electricity bills, along with alcohol and tobacco, as prices for some wines increased in March, compared to reductions a year ago.
RPI inflation, which includes mortgage interest payments, remained unchanged last month at 2.4%.
The figures are likely to increase calls for the Bank of England to reduce interest rates. They have remained on hold at 4.5% for eight months.
(KMcA)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
04 June 2002
House price rises outstrip market forecasts
The Halifax, the UK's biggest mortgage lender, has said that house prices in May grew at a record rate. The monthly house price survey revealed that property prices grew by 4.2% in the period April to May this year. The average house price in the UK now stands at over £107,000, up 18.5% on the price of the average house this time last year.
House price rises outstrip market forecasts
The Halifax, the UK's biggest mortgage lender, has said that house prices in May grew at a record rate. The monthly house price survey revealed that property prices grew by 4.2% in the period April to May this year. The average house price in the UK now stands at over £107,000, up 18.5% on the price of the average house this time last year.
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.
19 May 2005
Internet connectivity increases on broadband popularity
The number of active subscriptions to the Internet increased by 4.9% between March 2004 and March 2005, according to the latest survey of Internet Service Providers (ISPs). The market share for permanent connections continued to increase in March, now accounting for 47.6% of all connections, compared to 27.1% a year earlier.
Internet connectivity increases on broadband popularity
The number of active subscriptions to the Internet increased by 4.9% between March 2004 and March 2005, according to the latest survey of Internet Service Providers (ISPs). The market share for permanent connections continued to increase in March, now accounting for 47.6% of all connections, compared to 27.1% a year earlier.
21 March 2006
UK inflation increases in February
UK inflation rose by 2% in February, the Office for National Statistics has announced. Consumer price inflation - the government's target measure - increased from 1.9% in January, the ONS reported. The biggest upward effect was caused by the rising cost of recreational and cultural items.
UK inflation increases in February
UK inflation rose by 2% in February, the Office for National Statistics has announced. Consumer price inflation - the government's target measure - increased from 1.9% in January, the ONS reported. The biggest upward effect was caused by the rising cost of recreational and cultural items.
05 May 2005
ICI warns of slowing sales and rising costs
Chemical firm ICI has warned of slowing sales growth and said that further price increases will be “necessary” in order to offset rising costs in raw materials.
ICI warns of slowing sales and rising costs
Chemical firm ICI has warned of slowing sales growth and said that further price increases will be “necessary” in order to offset rising costs in raw materials.
-
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.
