Cpi
Each of the nine members of the Bank of England’s Monetary Policy Committee (MPC) voted to hold interest rates at the historic low of 0.5% this month, minutes from their latest meeting show.
CPI annual inflation fell to 3.4% in February, down from 3.6% in January, according to the Office for National Statistics (ONS).
The UK inflation rate fell to 3.6% in January, down from 4.2% in December, official figures show
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UK CPI inflation fell from 4.8% in November 2011 to 4.2% last month, to equal largest drop since December 2008, according to the Office for National Statistics.
UK CPI inflation fell from 5% to 4.8% in November, in line with economists’ forecasts, the Office for National Statistics (ONS) has said.
House prices will increase by 15% over the next four years due to a shortage of properties in the face of rising demand, according to economists.
Consumer Prices Index (CPI) inflation dropped to 5% in October, down from 5.2% the previous month, the Office for National Statistics said today.
The governor of the Bank of England has predicted inflation is now at, or close to, its peak rate and will fall back "sharply" early next year.
CPI inflation surged to 5.2% in September, equalling the record set in 2008, the Office for National Statistics (ONS) said today.
The Bank of England (BoE)has increased its quantitative easing programme by £75bn in a bid to kick-start the UK’s ailing economy.
The case for further QE in the UK "significantly strengthened" in the past month, with any repeat of recent economic woes likely to lead to further stimulus, the MPC has said.
Inflation climbed marginally in August as expected, driven up by higher utility bills.
The immediate future of the UK economy will not be dependant on a further round of quantitative easing (QE), a member of the Bank of England's rate setting body said yesterday.
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