United Kingdom | Tuesday, 6 January 2009

Inflation Articles

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1. Inflation hits highest level in 16 years
Inflation shot up to a 16-year high in August, making it harder for the Bank of England to cut interest rates to ease the economic pain of what many are describing as the worst financial market crisis in a generation.
17 Sep 2008
2. Inflation to prompt Bank explanation
Rising utility bills are likely to push inflation to a new series high in August, requiring Bank of England Governor Mervyn King to write another explanatory letter to the government.
16 Sep 2008
3. Bank's Tucker says downside inflation news offset by pound
Most of the news since August has been on the downside for both the growth and inflation outlook but this has to be offset against the fall in the pound, Bank of England policymaker Paul Tucker said on Friday.
12 Sep 2008
4. Inflation expectations hit series high in August
Britons' expectations of inflation over the next 12 months edged up to a series high of 4.4 percent in August from 4.3 percent in May, a Bank of England survey showed on Thursday.
11 Sep 2008
5. EU slashes growth forecasts amid inflation woes
European economic growth, hit by high commodity prices, financial market turmoil and the end of a decade-long housing boom, has slowed sharply and continues to do so, the European Commission said on Wednesday.
10 Sep 2008
6. Besley says fighting inflation tough task
Bank of England monetary policy committee member Tim Besley said on Tuesday the Bank faced a difficult task in fine-tuning monetary policy to try to help the economy whilst also keeping inflation in check.
19 Aug 2008
7. Soaring inflation shakes rate cut hopes
Inflation shot up in July to more than twice the central bank's target, dousing expectations of interest rate cuts any time soon despite new evidence of sliding house prices and waning consumer demand.
13 Aug 2008
8. Bank to flag inflation risk
The Bank of England's quarterly inflation report on Wednesday is likely to show the economy is drifting perilously close to the rocks but there is little policymakers can do to steer it away.
13 Aug 2008
9. Consumer price inflation seen at 4.1% in July
British inflation probably rose to over 4 percent in July, against the Bank of England's 2 percent target, but the bank is unlikely to react by raising interest rates soon as the economy stalls.
12 Aug 2008
10. Inflation reaches 3.8% in June
The Office for National Statistics (ONS) said on Tuesday the inflation reached 3.8 per cent in June thanks to rising food and fuel costs.
15 Jul 2008
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