Mervyn King, the Bank of England’s Governor, has today appeared before the Treasury Select Committee to discuss the latest inflation figures and the issues surrounding the UK’s economy. Last week, the Office for National Statistics revealed Consumer Price Inflation (CPI) rose to a 14-month high of 3...
Posted to
Finance
on 02-23-2010
Filed under: All Financial News, Economy News, quantitative easing, inflation, UK, Bank of England, Chancellor, Mervyn King, letter, issues, Greek-style debt crisis, rating agencies, fiscal
The Office for National Statistics has today announced that Consumer Price Inflation (CPI) rose to a 14-month high of 3.5% in January - as widely expected.
The rise in inflation has been driven by higher petrol costs and the effects of the reduction in the standard rate of VAT.
Meanwhile, CPI fell 0...
Posted to
Finance
on 02-16-2010
Filed under: All Financial News, Economy News, Alistair Darling, January, Office for National Statistics, rise, RPI, CPI, petrol, VAT, consumer price inflation, Mervyn King, target, Retail Price Inflation, explanation
The Office for National Statistics (ONS) will announce the UK inflation rate this morning, which analysts are expecting to be around 3.5%.
Last month, the ONS reported that Consumer Price Inflation (CPI) rose at its fastest annual pace in 9 months in December, rising to an annual rate to 2.9%.
The rise...
Posted to
Finance
on 02-16-2010
Filed under: All Financial News, Economy News, inflation, January, Office for National Statistics, ONS, rise, RPI, CPI, VAT, Mervyn King, target, petrol costs, explanation
The UK’s official rate of inflation increased to 2.9% in December 2009, up from just 1.1% three months earlier.
The rise was driven by higher petrol costs and the effects of the reduction in the standard rate of VAT a year earlier dropping out of the twelve-month comparison.
In it quarterly inflation...
Posted to
Finance
on 02-10-2010
Filed under: All Financial News, Economy News, inflation, Bank of England, report, Mervyn King, December 2009, official rate