Tuesday, Oct 13, 2009

CPI & RPI Latest

BBC: UK inflation rate falls to 1.1%

A key measure of inflation has fallen to its lowest level since September 2004, official statistics show. The Consumer Prices Index (CPI) dropped to an annual rate of 1.1% in September from 1.6% in August. Meanwhile, the Retail Prices Index (RPI) inflation measure, which includes mortgage interest payments and housing costs, fell, to -1.4% from -1.3%. The Bank of England aims to maintain CPI inflation at 2% to keep both prices and the broader economy stable. If CPI falls below 1%, the governor of the Bank of England will have to write a letter of explanation to Chancellor Alistair Darling.

Posted by jack c @ 09:45 AM (1485 views)
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6 Comments

1. Ken Derby said...

State Pension to be CUT by 1.4% from April 6th 2010. That will win you a few votes Gordon, how do you get out of this one ?????

Tuesday, October 13, 2009 10:02AM Report Comment
 

2. jack c said...

Ken Derby - you make a very valid point on this matter which ties in nicely with the fact that all hell has let loose at the moment with complaints into NS & I regarding Indexed Linked Savings Certs (These are RPI linked - RPI having gone negative)

Tuesday, October 13, 2009 10:12AM Report Comment
 

3. mark said...

anything not to increase interest rates, this is pure BS, I see prices going up everyday

£1.05 a litre of petrol

bread, milk, eggs, etc all have shot up in price

soap powder, rice crackers, biscuits, fruit, all have less in packages,

what idiot invents these figures, it is plain even to the most stupid person inflation is somewhat higher than this corrupt government state.

Tuesday, October 13, 2009 10:43AM Report Comment
 

4. ontheotherhand said...

Not idiots, Mark. It's by design that flat screen tv's and mobile phones are in the basket. Of course, in a recession people simply stop buying unnecessary new versions of these gadgets, but they can't avoid petrol and bread.

Tuesday, October 13, 2009 11:00AM Report Comment
 

5. mr g said...

@1 said "State Pension to be CUT by 1.4% from April 6th 2010. That will win you a few votes Gordon, how do you get out of this one ?????"

I'm sure I'll be corrected if I'm wrong but didn't Badger say some while back that state pensions would be guaranteed to rise by 2.5% each year?

Tuesday, October 13, 2009 01:17PM Report Comment
 

6. jack c said...

mr g - you did well to remember this from the finer budget details - article in todays times covers this off and the 2.5% does indeed apply. Full article @ www.timesonline.co.uk/tol/money/article6872741.ece

Tuesday, October 13, 2009 02:13PM Report Comment
 

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