Tuesday, October 13, 2009

CPI & RPI Latest

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 (1531 views)
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6 thoughts on “CPI & RPI Latest

  • 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 ?????

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  • 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)

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  • 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.

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  • ontheotherhand says:

    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.

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  • @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?

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