WikiWirral is where great friendships are made.
Forum Stats
12328 Members
65 Forums
73257 Topics
989102 Posts
32 posts in the last 24hrs
Max Online: 7831 @ 8th Apr 2013 4:18pm
Who's Online - Click Me
83 registered (alan128, 10 invisible), 1436 Guests and 292 Spiders online.
Key: Admin, Global Mod, Mod
Social Media : Follow Us


(Views 7days)This Weeks Most Read
Finsbury Park mosque. 1016
Round the Wirral with a movie camera[1934] 450
Washing machine 207
Range Rover P38A Air Suspension Help Needed 149
Loving Home Wanted For 3 Cats. 124
Ant and Dec 98
Another Scam 80
Benefit Cap is Unlawful 71
Wanted roof box 70
Loving Home Wanted For 3 Cats. 62
New General Forums
Deja Vu, Lightning Strikes Thrice, Groundhog Day
by fish5133
Yesterday at 07:38 PM
Ant and Dec
by cools
18th Jun 2017 2:11pm
Another Scam
by Excoriator
18th Jun 2017 10:00am
Happy birthday Ste
by Dilly
12th Jun 2017 7:54am
New Wirral History
Round the Wirral with a movie camera[1934]
by snowhite
16th Jun 2017 2:03pm
Bascule Bridge
by Sufee
6th Jun 2017 9:09pm
Pathe news short - merseytunnel 1934
by oldpm01
5th Jun 2017 1:57pm
1878 Post Office Directory of Cheshire query
by derekdwc
1st Jun 2017 10:41pm
Bakery at 275 Poulton Road 1925 onwards
by JAFitz
30th May 2017 8:59pm
Forum Tips
Photo Gallery Forums
wirral from Liverpool big wheel
New Brighton Big Wheel
Topic Replies
Bexit Offer for EU Citizens
by diggingdeeper
Today at 12:03 PM
VW t4 fixed side window replacement
by lansyp
Today at 10:22 AM
Unilever's Power Stations
by Jimbo620
Today at 08:18 AM
Where In The Wirral Is It??
by diggingdeeper
Yesterday at 09:22 PM
Benefit Cap is Unlawful
by RUDEBOX
Yesterday at 07:37 PM
Suspended sentence for 37,000 benefit fraud mum
by Mark
Yesterday at 06:45 PM
What song are you listening to?
by granny
Yesterday at 10:18 AM
live webcam from africa, a must see
by granny
Yesterday at 09:49 AM
Sailing volunteers
by diggingdeeper
Yesterday at 12:34 AM
June
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 ?
Shotwick - Old And New (Hall and Solar Farm)
by diggingdeeper
18th Jun 2017 11:41am
Sefton Park
by diggingdeeper
17th Jun 2017 7:28pm
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: 21061
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
Bexit Offer for EU Citizens
by granny
Today at 09:38 AM
Benefit Cap is Unlawful
by RUDEBOX
Yesterday at 07:37 PM
VW t4 fixed side window replacement
by Mike72
Yesterday at 08:00 AM
Range Rover P38A Air Suspension Help Needed
by Martin1943
20th Jun 2017 8:06pm
Loving Home Wanted For 3 Cats.
by DavidC
20th Jun 2017 8:32am
For Sale & Free
Washing machine
by GingerTom
20th Jun 2017 9:05pm
22" full 1080p hd and freeview tv
by monsterz4
20th Jun 2017 8:50pm
Apple TV box the 1gen
by monsterz4
20th Jun 2017 8:48pm
42 lf smart tv
by stumpyduck
20th Jun 2017 8:15pm
Wanted roof box
by monsterz4
19th Jun 2017 10:32am
Featured Member
Registered: 15th Jun 2012
Posts: 7
Newest Members
Fairz87, mikerobbo84, Robbo1960, Gwhiz03, SamphireGreen
12328 Registered Users
Today's Birthdays
No Birthdays
New Wirral Info
Shotwick - Old And New (Hall and Solar Farm)
by diggingdeeper
15th Jun 2017 10:19pm
Sefton Park
by diggingdeeper
15th Jun 2017 10:02pm
Property Law
by lau2908
14th Jun 2017 8:04pm
van driver needed
by futurepast
14th Jun 2017 7:34pm
Sailing volunteers
by dogsbrain
14th Jun 2017 4:31pm
News : New Topics
Bexit Offer for EU Citizens
by granny
Today at 09:38 AM
Benefit Cap is Unlawful
by RUDEBOX
Yesterday at 07:37 PM
Finsbury Park mosque.
by Beethoven
19th Jun 2017 11:42am
Grenfell Tower - Notting Hill
by diggingdeeper
14th Jun 2017 5:13am
Manchester airport
by Dilly
9th Jun 2017 6:01pm
New Enthusiast Forums
VW t4 fixed side window replacement
by Mike72
Yesterday at 08:00 AM
Range Rover P38A Air Suspension Help Needed
by Martin1943
20th Jun 2017 8:06pm
Loving Home Wanted For 3 Cats.
by DavidC
20th Jun 2017 8:32am
Loving Home Wanted For 3 Cats.
by DavidC
18th Jun 2017 6:02pm
Code reader
by madrob
16th Jun 2017 9:09am
(Views 24hrs)Trending Newest Topics
Benefit Cap is Unlawful 71
Deja Vu, Lightning Strikes Thrice, Groundhog Day 41
Bexit Offer for EU Citizens 34
Wirral Sunrise Sunset
Sunrise Fri 4:43am
Sunset Fri 9:45pm
Local Time Fri 1:11pm
WikiWirral Can . . . .