Wednesday, February 10th, 2010
The Bank of England's quarterly inflation forecast out today suggests an RPI peak over 3.5% in the next quarter, but then a rapid fall to below 1% in 12 month's time. What I found quite telling was its prediction of...
Tuesday, January 19th, 2010
Inflation is back with a bang. Now the question is what will happen to UK interest rates as prices rise at their fastest ever month-on-month pace? The Office for National Statistics announced today that Consumer Price Index (CPI) inflation rose 1% last month, taking...
Inflation rises for first time in 8 months!
Tuesday, November 17th, 2009
The Consumer Price Index (CPI) published today shows inflation at 1.5pc. The increase seems mainly due to the steep fall in oil prices last year. Economists had forecast circa 1.4pc. so no great surprises here. Moreover, the broader measure of inflation - the Retail...