WikiWirral is where great friendships are made.
Forum Stats
12451 Members
65 Forums
73744 Topics
996756 Posts
40 posts in the last 24hrs
Max Online: 7831 @ 8th Apr 2013 4:18pm
Who's Online - Click Me
67 registered (alan128, 14 invisible), 1155 Guests and 236 Spiders online.
Key: Admin, Global Mod, Mod
Social Media : Follow Us


(Views 7days)This Weeks Most Read
Insecure sites. 638
Games for children 510
What is your Daily Exercise ? 400
Is this crime against humanity 356
Travelling Bus and Train Which Tickets? 244
Replacement Key Fob casing 223
Anyone read this ? 213
Charity fishing match 205
Taltalk Broadband Dying 203
Fitting bathroom lights need help 155
New General Forums
Telephone Caller Alert - they are NOT BT BROADBAND
by Laraine
17th Nov 2017 6:04pm
Are you a Mathematician ?
by granny
15th Nov 2017 8:59am
Poor Bruce
by diggingdeeper
15th Nov 2017 1:15am
Charity fishing match
by paul110180
14th Nov 2017 8:03pm
New Wirral History
Downloadable oldwirral pdfs
by derekdwc
9th Oct 2017 12:26pm
Forum Tips
Photo Gallery Forums
clipper yachts arriving for round the world race
Azamara,silouette and balmoral this mornig
Topic Replies
Games for children
by granny
12:54 PM
John Lewis advert
by venice
12:02 PM
What song are you listening to?
by Dilly
11:26 AM
Fitting bathroom lights need help
by Excoriator
09:07 AM
Charity fishing match
by fish5133
11:42 PM
Downloadable oldwirral pdfs
by diggingdeeper
05:02 PM
DIY advice needed
by yr20405
17th Nov 2017 11:23pm
Charity fishing match
by paul110180
17th Nov 2017 9:29pm
where to get cheap carpet
by venice
17th Nov 2017 9:27pm
November
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
Recent Posts : What's On ?
The Lanterns at Chester Zoo
by granny
16th Nov 2017 1:05pm
bonfire night
by snowhite
3rd Nov 2017 5:40pm
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
Google Ads
#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: 21085
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
Fitting bathroom lights need help
by yr20405
17th Nov 2017 11:29pm
Charity fishing match
by paul110180
17th Nov 2017 9:29pm
Games for children
by granny
17th Nov 2017 1:35am
Are there any doctors or nurses on here.
by granny
16th Nov 2017 11:52pm
Bath Lifts
by locomotive
16th Nov 2017 6:22pm
For Sale & Free
where to get cheap carpet
by mickturner
17th Nov 2017 4:24pm
White radiator single panel 1400 x 600 - good cond
by gerrymoore
16th Nov 2017 9:16am
Samsung Galaxy S7 Titanium Silver + Extras
by j_demo
15th Nov 2017 7:29pm
Vaping set
by paul110180
15th Nov 2017 2:37pm
Wanted wii consul box
by dodie
15th Nov 2017 12:19pm
Featured Member
Registered: 14th Aug 2009
Posts: 205
Newest Members
Norfolk, monadrexx, Dipper, DarioLo, JohnG74
12451 Registered Users
Today's Birthdays
No Birthdays
New Wirral Info
Fitting bathroom lights need help
by yr20405
17th Nov 2017 11:29pm
Games for children
by granny
17th Nov 2017 1:35am
Bath Lifts
by locomotive
16th Nov 2017 6:22pm
The Lanterns at Chester Zoo
by granny
16th Nov 2017 1:05pm
Travelling Bus and Train Which Tickets?
by fish5133
15th Nov 2017 5:31pm
News : New Topics
Anyone read this ?
by venice
16th Nov 2017 3:22pm
Is this crime against humanity
by granny
13th Nov 2017 4:04pm
Wedding for Cancer Research !
by Katemargaret
11th Nov 2017 10:38pm
The EU and us.
by Excoriator
11th Nov 2017 8:44am
Police, St Josephs Primary, Woodchurch Road
by diggingdeeper
7th Nov 2017 3:55pm
New Enthusiast Forums
Charity fishing match
by paul110180
17th Nov 2017 9:29pm
Are there any doctors or nurses on here.
by granny
16th Nov 2017 11:52pm
Taltalk Broadband Dying
by diggingdeeper
15th Nov 2017 3:40am
Replacement Key Fob casing
by fish5133
14th Nov 2017 7:45pm
Insecure sites.
by venice
13th Nov 2017 3:54pm
(Views 24hrs)Trending Newest Topics
Wirral Sunrise Sunset
Sunrise Sun 7:46am
Sunset Sun 4:09pm
Local Time Sun 2:34pm
WikiWirral Can . . . .