Economic activity in the United Kingdom shrank by 0.2% in the last quarter of 2011, according to latest official figures. The fall marks a significant decline in economic activity from last year’s third quarter – a period when GDP (gross domestic product) grew by 0.6%. The latest economic statistics, which come from the UK’s Office [...]
UK retail sales volumes went up by 0.6% between the months of November and December 2011, official figures have revealed. This came after large-scale discounting by many British stores. The UK’s Office for National Statistics (ONS) also announced that sales were 2.6% greater last Christmas than they were back in December 2010. November’s figure meanwhile [...]
Consumer prices in Mexico rose by the highest amount in nearly two years last month, limiting the country’s central bank’s room to put borrowing costs down as Europe’s debt crisis deepens. Consumer prices in the nation went up by 1.08% during November – the biggest climb since prices increased by 1.09% back in January 2010. [...]
The inflation rate in India went down during November after it dropped from its October figure of 9.7% to a level of 9.1% last month. The inflation decrease was aided by a fall in the country’s rate of food inflation, which fell from 11% to 8.5%. The rate of fuel inflation however increased to a [...]
The most recent figures from the US Labor Department, released last Friday, show that consumer prices in the country did not change during the month of November, as drivers paid less for petrol last month. In November, prices of food went up by 0.1%. However, this was offset by a drop in the cost of [...]
The inflation rate in the UK has declined during November. According to the UK Office for National Statistics (ONS), the Consumer Prices Index (CPI) rate of inflation dropped to 4.8%, falling from its October reading of 5%. The current rate is still way above the Bank of England’s CPI inflation target, which is 2%. The [...]
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The eurozone’s debt crisis could be having a positive side-effect for the UK’s savers. The crisis has made it tough for British banks and building societies to gain funding on the money markets. They are therefore using higher savings rates to try and tempt savers into depositing more funds with them. The continuing problems, along [...]
Posted in Featured Post, Finance Tags: Banks, building, Finance, inflation, inflation report, money, personal finance, personal finances, quarterly inflation, Resulting, savers, Savings, term inflation, uk economy, uk finances No Comments »
Stakeholders in the insurance sector of Tanzania, East Africa, have been challenged to extend cover schemes which are designed to lower risks to poorer citizens, vulnerable to natural disasters and man-made shocks. According to financial analysts in the country, the poorest in Tanzania can get caught in poverty traps that can be impossible to escape [...]
The inflation rate in the eurozone has suffered a steep rise, after it rose to a figure of 3% during September this year. The rate has gone up by 0.5% from its previous reading, after it hit a level of 2.5% during the month of August. No breakdown of the inflation rate, which is the [...]
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UK Inflation Falls During October
Inflation in the UK dropped over the course of October, after it had reached its highest point since the early stages of the UK recession in 2008, during the third quarter of this year. According to the UK’s Office for National Statistics (ONS), the consumer price index (CPI) measure for the rate of inflation dipped [...]