skip to main content
  • *
  • *
  • *
Find Insight DIY on
* * *

UK DIY News

Inflation remains stubbornly above target

Inflation came in above target for the 38th month when official data for January showed the consumer price index (CPI) at 2.7%.

The CPI rate was unchanged for the fourth month in a row. The Office for National Statistics said there was upward price pressure on alcohol and tobacco products (+8.5%) and air fares, balanced out by lower prices on clothing and other goods and services.

Another missed inflation target is unlikely to spur the Bank of England into tighter monetary policy – higher rates or rolled back quantitative easing (QE), analysts believe.

RPI inflation was 3.3%, up from 3.1% in December.

Source : TheBusinessDesk.com
www.thebusinessdesk.com/northwest/news/430652-inflation-remains-stubbornly-above-target.html?

12 February 2013
view more UK DIY News
*

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

*
Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry