News — Inflation

CPI inflation down to 2.1%

December 18, 2013 • Bank of England • CPI • George Osborne • Inflation • Mark Carney • Unemployment

More good news for the Chancellor and Governor of the Bank of England this week as the downward trend in inflation continued. November’s Consumer Price Index (CPI) grew by 2.1% in the year to November, down from 2.2% in October – just 0.1% off target.

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October 11, 2012 • CPI • Inflation • Monetary Policy

October's official inflation figures for the UK, announced yesterday, took a turn for worst, and marked the end of period of falling inflation. CPI inflation now stands at 2.7%, up from 2.2% in September - which was the lowest rate since November 2009. The ONS reported that upward pressure on average prices came from increased university fees which kicked in this month. Undergraduate tuition fees in England for UK and EU students have risen to a maximum of £9000 for this academic year, contributing to an eye-watering rise in education costs of 19%. Other significant increases have come from food and non-alcoholic beverages, and transport costs. Rising...