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11/12/2001
UK inflation drops to all time low
Inflation in the UK fell sharply last month according to the most recent figures released by the Office for National Statistics.
The rate of inflation fell by 0.4 per cent in November taking the annual inflation rate down from 2.3 per cent in October to 1.8 per cent in November.
Downward pressures in the economy contributing to the fall in inflation were motoring – a 4 pence fall in petrol prices, housing – a fall of 0.24 per cent in the mortgage rate, and a drop in the prices of seasonal food.
Other smaller downward effects on the UK economy included clothing, footware, and alcoholic drinks.
Analysts believe that the slowdown in the world economy, fierce price competition, could mean that the UK will see yet further base rate cuts.
The inflation rate has hit the lowest rate recorded since the current system of calculating the Retail price index was started in 1975.
Inflation is now well below the Government target of 2.5 per cent per year. (SP)
The rate of inflation fell by 0.4 per cent in November taking the annual inflation rate down from 2.3 per cent in October to 1.8 per cent in November.
Downward pressures in the economy contributing to the fall in inflation were motoring – a 4 pence fall in petrol prices, housing – a fall of 0.24 per cent in the mortgage rate, and a drop in the prices of seasonal food.
Other smaller downward effects on the UK economy included clothing, footware, and alcoholic drinks.
Analysts believe that the slowdown in the world economy, fierce price competition, could mean that the UK will see yet further base rate cuts.
The inflation rate has hit the lowest rate recorded since the current system of calculating the Retail price index was started in 1975.
Inflation is now well below the Government target of 2.5 per cent per year. (SP)
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18 June 2002
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
16 October 2001
Sharp drop in UK inflation
The rate of UK inflation, which includes mortgage interest payments, fell in September by 0.4 of a percentage point to 1.7 per cent, according to the Office for National Statistics. The underlying rate fell just below the government’s target level of 2.5 per cent to 2.3 per cent.
Sharp drop in UK inflation
The rate of UK inflation, which includes mortgage interest payments, fell in September by 0.4 of a percentage point to 1.7 per cent, according to the Office for National Statistics. The underlying rate fell just below the government’s target level of 2.5 per cent to 2.3 per cent.
03 January 2002
House price growth to slow in 2002
The property market is set to experience a slip in demand during 2002 according to leading UK mortgage lender Nationwide and a twice-yearly survey by the CBI and property advisers GVA Grimley. The Nationwide review of 2001 revealed that UK house prices grew significantly during 2001 despite the global economic slowdown.
House price growth to slow in 2002
The property market is set to experience a slip in demand during 2002 according to leading UK mortgage lender Nationwide and a twice-yearly survey by the CBI and property advisers GVA Grimley. The Nationwide review of 2001 revealed that UK house prices grew significantly during 2001 despite the global economic slowdown.
14 August 2001
Inflation rate fall may herald a further interest rate cut
Speculation is growing that a fall in the underlying inflation rate, down to 2.2 per cent, may give the Bank of England’s Monetary Policy Committee further room for manoeuvre to lower interest rates. Continued severe pressure on manufacturing industry has prompted further calls from industry leaders seeking another cut in the UK interest rate.
Inflation rate fall may herald a further interest rate cut
Speculation is growing that a fall in the underlying inflation rate, down to 2.2 per cent, may give the Bank of England’s Monetary Policy Committee further room for manoeuvre to lower interest rates. Continued severe pressure on manufacturing industry has prompted further calls from industry leaders seeking another cut in the UK interest rate.
17 July 2001
UK INFLATION REMAINS AT TWO YEAR HIGH
UK inflation has remained at a two-year high, official figures have revealed. The Office for National Statistics (ONS) revealed prices were 2.4 per cent higher in June than the same month a year before.
UK INFLATION REMAINS AT TWO YEAR HIGH
UK inflation has remained at a two-year high, official figures have revealed. The Office for National Statistics (ONS) revealed prices were 2.4 per cent higher in June than the same month a year before.
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Northern Ireland WeatherToday:There will be a mix of sunny spells and a few, mainly light, showers during the morning, mostly in the west. Cloudier with scattered showers into the afternoon. Maximum temperature 11 °C.Tonight:Scattered showers and clear spells continue through this evening, becoming dry with clear skies for a time overnight. Clouding over by morning. Minimum temperature 2 °C.
