Menu
12/10/2010
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September.
Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
As it sets the rate at which benefits change in April, September's figure is of key importance to many claimants.
Most benefits are linked to the CPI and will rise by 3.1%, however pensions will increase by the higher 4.6% RPI.
The Retail Prices Index is also important for wage negotiations and factors the cost of housing.
Inflation for welfare payments was in the Budget from RPI, which is generally higher than CPI and should therefore save money for the government.
The higher RPI benchmark for pensions will not apply until next April.
Although the UK Consumer Prices Index figure remains above the 2% target, the Bank of England expects interest rates to remain at record low levels.
(BMcN/KMcA)
Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
As it sets the rate at which benefits change in April, September's figure is of key importance to many claimants.
Most benefits are linked to the CPI and will rise by 3.1%, however pensions will increase by the higher 4.6% RPI.
The Retail Prices Index is also important for wage negotiations and factors the cost of housing.
Inflation for welfare payments was in the Budget from RPI, which is generally higher than CPI and should therefore save money for the government.
The higher RPI benchmark for pensions will not apply until next April.
Although the UK Consumer Prices Index figure remains above the 2% target, the Bank of England expects interest rates to remain at record low levels.
(BMcN/KMcA)
Related UK National News Stories
Click here for the latest headlines.
17 December 2013
ONS Report Four-Year-Low For CPI Inflation Rate
The Office for National Statistics (ONS) reported that in November the UK's inflation rate, as measured by the consumer prices index, has fallen to a four year low of 2.1%. The fall, down from 2.2% in October, has been credited to slower increases in food and energy prices, the ONS has said.
ONS Report Four-Year-Low For CPI Inflation Rate
The Office for National Statistics (ONS) reported that in November the UK's inflation rate, as measured by the consumer prices index, has fallen to a four year low of 2.1%. The fall, down from 2.2% in October, has been credited to slower increases in food and energy prices, the ONS has said.
17 September 2013
Inflation Drops To 2.7% In August
A new measurement of the consumer price index (CPI) has shown the UK inflation has fallen to 2.7% in the year to August, down 0.1% since July. In the same period wages rose by 1.0%, revealing that prices are still rising faster than wages in the UK. There was a 3.3% increase in inflation measured by the retail price index (RPI), up from 3.
Inflation Drops To 2.7% In August
A new measurement of the consumer price index (CPI) has shown the UK inflation has fallen to 2.7% in the year to August, down 0.1% since July. In the same period wages rose by 1.0%, revealing that prices are still rising faster than wages in the UK. There was a 3.3% increase in inflation measured by the retail price index (RPI), up from 3.
15 July 2014
Inflation Rises To 1.9% in June
The Consumer Price Index (CPI) rose to 1.9% in June, up from the previous rate of 1.5%, according to new figures from the Office for National Statistics (ONS). The increase is being attributed to higher prices on clothing, footwear and food and non-alcoholic drink. The figure remains just below the Bank of England set target of 2%.
Inflation Rises To 1.9% in June
The Consumer Price Index (CPI) rose to 1.9% in June, up from the previous rate of 1.5%, according to new figures from the Office for National Statistics (ONS). The increase is being attributed to higher prices on clothing, footwear and food and non-alcoholic drink. The figure remains just below the Bank of England set target of 2%.
24 March 2015
UK Inflation At Lowest Level Since Records Began
The UK inflation rate has fallen to its lowest level since records began. New figures from the Office for National Statistics show that in the level of the Consumer Prices Index (CPI) inflation fell to 0% in February, for the first time since official records began in 1988.
UK Inflation At Lowest Level Since Records Began
The UK inflation rate has fallen to its lowest level since records began. New figures from the Office for National Statistics show that in the level of the Consumer Prices Index (CPI) inflation fell to 0% in February, for the first time since official records began in 1988.
18 May 2010
UK Inflation Soars To 17-Month High
UK inflation reached a 17 month high in April, according to official figures. The Consumer Prices Index (CPI) rose by 3.7%, up from 3.4% in March. The all items retail prices index (RPI) also rose by 5.3%. The RPI annual inflation rate is now at its highest level since July 1991 (when it stood at 5.5%).
UK Inflation Soars To 17-Month High
UK inflation reached a 17 month high in April, according to official figures. The Consumer Prices Index (CPI) rose by 3.7%, up from 3.4% in March. The all items retail prices index (RPI) also rose by 5.3%. The RPI annual inflation rate is now at its highest level since July 1991 (when it stood at 5.5%).
-
Northern Ireland WeatherToday:A dry day with long spells of sunshine for most, however eastern coasts will see rather more in the way of cloud at times, with just the risk of an odd light morning shower. Mainly light northerly winds. Maximum temperature 13 °C.Tonight:A fine end to the day with some evening sunshine. It remains dry overnight with a touch of frost possible in places, although cloud is expected to increase towards dawn. Minimum temperature 0 °C.
