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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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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: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.
