Surprise dip in inflation

Inflation blogAccording to the Office of National Statistics (ONS), there has been a slight dip in the rate of inflation. The Consumer Prices Index (CPI) has fallen from 2.8% in March to 2.4% in April. The Retail Prices Index (RPI) has also fallen significantly to 2.9%, down from 3.3% in March. One of the main reasons for the slowdown in the rate of inflation was a fall in the cost of fuel. Over the past month petrol has fallen by 2.1p per litre, whilst the price of diesel ...

Inflation remains stable

Inflation remains stableFollowing a sharp rise in October, new figures have shown that inflation, as measured by the Consumer Prices Index (CPI), remained unchanged in November at 2.70%. The Retail Prices Index (RPI) actually fell, from 3.2% in October to 3% in November. However, if economists are right this short period of stability could soon come to an end. Falling prices Lower prices on a wide range of goods, including fuel, plane tickets, beer and carpets helped to keep inflation in check during November. However, many economists and financial experts believe that ...