From April, prices will rise in line with the lowest consumer price index (CPI) of inflation, not the consumer price index (RPI). There are three different ways in which we can report an inflation rate. The twelve-month rate of the consumer price index was unchanged from the level in September, the National Statistics Office said in a statement.
Falling prices for clothing and games, toys and hobbies caused the biggest downward effects. Combined with low wage growth, the rising cost of living increases real wages, thereby increasing pressure on households. Given the price competitiveness of supermarkets, food prices are likely to rise rapidly in response to the increased costs, Fois said. In fact, they have risen during seven of the last eight months, with the exception last month. Producer prices and consumer price inflation (a measure for calculating payments on instruments such as indexed government bonds and other contracts such as indexed pensions) for November will be announced at the same time as the CPI figures mentioned above.
Rising motor fuel prices made the largest upward contribution to inflation, the US said. Rising prices for motor fuels and household gas and electricity made the largest upward contribution to the tariff change between May and June 2018. While Brent’s crude oil prices fell to around $ 52 a barrel, domestic energy rates are expected to remain rise. support inflation in the coming months, with partial compensation.
In the US, inflation reports were positive. ONS reports, the largest downward contribution to the change in the rate came from motor fuel prices, which rose less rapidly than a year ago. The report from the Chartered Institute of Personnel and Development and the Adecco Group also suggests that employment will again grow strongly.