WikiWirral 13yrs online 24/7 365 days a year.
Forum Stats
12186 Members
65 Forums
72614 Topics
978504 Posts
63 posts in the last 24hrs
Max Online: 7831 @ 8th Apr 2013 4:18pm
Who's Online - Click Me
84 registered (11kendo, 11 invisible), 1581 Guests and 180 Spiders online.
Key: Admin, Global Mod, Mod
Social Media : Follow Us


(Views 7days)This Weeks Most Read
Trump 757
Secretive mega shake-up of NHS could cost 15 mil 735
Parking Charges 623
Paypal help 422
RAC ,AA v Breakdown Recovery 362
When we live to be a 100 yrs old 344
Question Time 343
Paper Recycling. ? 335
Best Price for Scarpping my car 331
Lost Mobile Phone 309
New General Forums
Test on old english words
by derekdwc
20th Jan 2017 8:02pm
Jets
by cools
20th Jan 2017 12:14pm
The Scouse Accent
by palemoon
18th Jan 2017 7:49pm
birthday wishes
by sunnyside
18th Jan 2017 12:48pm
New Wirral History
753 Sea Horse, Unit 9, Wallasey Waterfront
by Norton
18th Jan 2017 9:07pm
What was County Hall, Abbey Street, Birkenhead?
by yoller
15th Jan 2017 1:28pm
752 The Old Manor Club, Withens Lane, Liscard
by Norton
13th Jan 2017 2:20pm
751 Plough Inn, Mount Pleasant Rd, New Brighton
by Norton
13th Jan 2017 1:38pm
351 Prince Alfred 30 Tunnel Road 30 30 to 32
by yoller
8th Jan 2017 7:18pm
Forum Tips
Photo Gallery Forums
fireworks on the Mersey last night
Hadlow train station
Topic Replies
Trimm Rock Quarry, Cilcain
by venice
14 minutes 21 seconds ago
Parking Charges
by Samsamsam
19 minutes 38 seconds ago
Something to get a drone off a roof!
by fish5133
44 minutes 55 seconds ago
Trump
by venice
Today at 11:07 AM
Animal Cruelty in the Film Industry
by granny
Today at 10:25 AM
Paper Recycling. ?
by spinner1
Yesterday at 11:51 PM
Brides Flown In
by granny
Yesterday at 11:16 PM
Tasering Again
by fish5133
Yesterday at 06:51 PM
SwissGear suitcase only used once
by Beethoven
Yesterday at 05:39 PM
January
M Tu W Th F Sa Su
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31
Recent Posts : What's On ?
Indian/Jazz fusion music Liverpool
by buddy
17th Jan 2017 9:46am
Chinese New Year Liverpool
by paxvobiscum
15th Jan 2017 11:08am
Topic Options
Rate This Topic
#206304 - 13th Feb 2008 2:22am Food and petrol push up inflation
Civic_Coupe_Sean Offline
Forum Master

Registered: 12th Oct 2006
Posts: 2667
Loc: Wirral
Rising food and petrol prices pushed up UK inflation in January, figures show.

Last month's Consumer Prices Index (CPI) inflation figure rose to 2.2%, up from 2.1% in December. The rate is the highest since June 2007.

The Retail Price Index (RPI), which includes mortgage interest payments, rose to 4.1% from 4% in December.

However, while price growth was strong, it was not as quick as many analysts had feared, boosting hopes of further interest rate cuts in the UK this year.

Below trend

The Bank of England cut UK interest rates last week to 5.25% from 5.5% in an attempt to prevent a major slowdown in the economy.

But the Bank signalled that it was unlikely to cut rates as sharply as the US Federal Reserve - which has slashed borrowing costs to 3% - because of fears over inflationary pressures.

"It will be some time yet before the MPC's inflation concerns evaporate," said Jonathan Loynes at Capital Economics.

Many analysts are predicting that the Bank will keep rates on hold in order to get a clearer picture of long-term economic and inflationary trends, and the impact slower growth will have on consumer prices.

"We do not expect the Bank to cut interest rates again until May, unless it becomes clear that growth is slowing substantially," said Howard Archer of Global Insight.

"Further out, we still expect interest rates to fall to 4.5% by the end of the year as we believe that the economy will see extended below trend growth and that this will eventually contain inflation."

Price pressures

The Office for National Statistics (ONS) said that the largest upward pressure came from the price of fuel.

Average petrol prices rose by 1.3p in January to stand at 103.9p per litre.

Food prices also contributed to the rise in inflation, particularly fruit such as grapes and grapefruit, the ONS said.

However, a number of factors helped to offset food and fuel increases, not least downward pressure on clothing costs and cut-price offers on the High Street aimed at luring consumers, analysts said.

"January's UK consumer prices figures suggest that, for now at least, retailers are largely absorbing the steep increases in costs seen over recent months in their profit margins," said Capital Economics' Mr Loynes. "Nonetheless, there is some encouragement here that weaker demand is doing the job of containing price pressures," he added.

Top
National News : Advertising
Click me for more Information......

* * * Rapid Hydraulics - Hydraulic Hose Repairs * * *
Now Advertise with WikiWirral.
WikiWirral stats 35,000 Page Views a Day +500 Search Engines.. Click Me
#206366 - 13th Feb 2008 11:19am Re: Food and petrol push up inflation [Re: Civic_Coupe_Sean]
jonah Offline
Forum Guardian

Registered: 29th Nov 2006
Posts: 3992
Loc: 1313 Mockingbird Lane, I live ...
mad dont you just love rip-off britain.... We now have the most expensive fuel in Europe... some places now selling diesel for 1.19 a litre, smashing thru the 5 gallon mark ! the sooner i can get me, and my family out of this god-forsaken sh**thole, the fooking better ! somad
_________________________

http://www.myspace.com/jonah1974
stevejones74@hotmail.co.uk


"WELL MY NUTS ARE HALFWAY UP MY ASS, BUT OTHER THAN THAT I'M PERFECT.....! "

Top
#206377 - 13th Feb 2008 11:46am Re: Food and petrol push up inflation [Re: jonah]
Mark Online   Reading


Wiki Master

Registered: 9th Nov 2003
Posts: 21001
Loc: Wirral
Its the same in wales jonah lol
_________________________
My Avatar images are all from the Wirral Gallery.Click Me
Wow Wirral History is coming along Great! Wirral History

we get +200 new members a month now smile

Top
#206380 - 13th Feb 2008 11:52am Re: Food and petrol push up inflation [Re: Mark]
jonah Offline
Forum Guardian

Registered: 29th Nov 2006
Posts: 3992
Loc: 1313 Mockingbird Lane, I live ...
it is the same all over the uk, which is why i want to leave the uk for a better quality of life...
_________________________

http://www.myspace.com/jonah1974
stevejones74@hotmail.co.uk


"WELL MY NUTS ARE HALFWAY UP MY ASS, BUT OTHER THAN THAT I'M PERFECT.....! "

Top
#206437 - 13th Feb 2008 3:07pm Re: Food and petrol push up inflation [Re: jonah]
placidmaster Offline
Forum Addict

Registered: 1st Feb 2008
Posts: 1188
Loc: Lyon/Newcastle/Paris/Cape Town
this is why its cheaper for me to have my car from Z.A screw the queen and road tax lol. this country should refuse to go to work for a week, all of us then they would have to take action, and i am sick of this green shit too, they want me to buy a friendlier car then close the coal power stations around the world down first
_________________________
All hail the posting King and thou Wiki Wirral Bumper sticker will be displayed with pride

Top

Moderator:  Mod 
Random Wirral Images

Click to View Topic.
Newest Topics
Trimm Rock Quarry, Cilcain
by diggingdeeper
Today at 05:03 AM
Animal Cruelty in the Film Industry
by granny
20th Jan 2017 12:00pm
Question Time
by derekdwc
19th Jan 2017 11:27pm
Sanctuary awaits 5 bears
by venice
19th Jan 2017 6:25pm
Parking Charges
by diggingdeeper
19th Jan 2017 3:01pm
For Sale & Free
Something to get a drone off a roof!
by TheComputerLab
Yesterday at 04:56 PM
PC Monitor
by organiser
Yesterday at 01:16 PM
SwissGear suitcase only used once
by newbrightonmole
20th Jan 2017 8:54pm
Melamine faced chipboard ( Walnut or Oak )
by Reno37
20th Jan 2017 11:36am
Wanted freezer kit
by dodie
18th Jan 2017 9:58pm
Featured Member
Registered: 9th Jul 2008
Posts: 9677
Newest Members
IdontKnow, Glenburn63, Branco, Smudge22, Collette63
12186 Registered Users
Today's Birthdays
No Birthdays
New Wirral Info
Paper Recycling. ?
by fish5133
19th Jan 2017 11:16am
Paypal help
by venice
17th Jan 2017 8:59pm
Brown Bin Collections Restarting Today 17th Jan
by fish5133
17th Jan 2017 9:04am
Indian/Jazz fusion music Liverpool
by paxvobiscum
15th Jan 2017 11:19am
Chinese New Year Liverpool
by paxvobiscum
15th Jan 2017 11:08am
News : New Topics
Brides Flown In
by granny
Yesterday at 11:16 PM
Tasering Again
by diggingdeeper
20th Jan 2017 6:14pm
Trump
by cools
20th Jan 2017 4:16pm
Nuns Abused Children in Care Homes.
by granny
20th Jan 2017 12:13pm
Parking Charges
by diggingdeeper
19th Jan 2017 3:01pm
New Enthusiast Forums
Trimm Rock Quarry, Cilcain
by diggingdeeper
Today at 05:03 AM
Animal Cruelty in the Film Industry
by granny
20th Jan 2017 12:00pm
Question Time
by derekdwc
19th Jan 2017 11:27pm
Sanctuary awaits 5 bears
by venice
19th Jan 2017 6:25pm
Kitten found Arrowe park car park
by Greenwood
19th Jan 2017 2:42pm
(Views 24hrs)Trending Newest Topics
Something to get a drone off a roof! 282
PC Monitor 76
Brides Flown In 62
Trimm Rock Quarry, Cilcain 11
Wirral Sunrise Sunset
Sunrise Sun 8:11am
Sunset Sun 4:36pm
Local Time Sun 12:13pm
WikiWirral Can . . . .