9th April 2010, 09:32 AM
CPI annual inflation ? the Government?s target measure ? was 3.0 per cent in February, down from 3.5 per cent in January.
The downward pressures to the change in CPI annual inflation are widespread, the largest coming from recreation and culture where prices were largely unchanged between January and February this year but rose by 1.1 per cent a year ago. Within this group, the largest downward effect came from games, toys and hobbies, most notably from computer games and pre-school activity toys. There was also a large downward pressure from books with the price of non-fiction books in particular rising by less than a year ago.
The only large upward pressure to the change in CPI annual inflation came from clothing and footwear. Within this group, the most significant upward effect came from women?s outerwear where, overall, prices rose by more than a year ago.
In the year to February, RPI annual inflation was 3.7 per cent, unchanged from January. The main factors affecting the CPI also affected the RPI. Additionally there was significant upward pressure to the change in the RPI annual rate from housing. This was driven mainly by mortgage interest payments which fell by 0.2 per cent this year but by 7.3 per cent a year ago following January 2009?s half point decrease in the Bank rate. Within housing, there was also a large upward effect from house depreciation, which rose this year but fell a year ago. This reflects movements in the Department of Communities and Local Government?s smoothed house price index that is used to calculate this component.
RPIX inflation ? the all items RPI excluding mortgage interest payments ? was 4.2 per cent in February, down from 4.6 per cent in January.
As an internationally comparable measure of inflation, the CPI shows that the UK inflation rate in January was above the provisional figure for the European Union. The UK rate was
3.5 per cent whereas the EU?s as a whole was 1.7 per cent.
The next publication date is 20 April 2010.
http://www.statistics.gov.uk/cci/nugget.asp?id=19
I will soon be looking at the BAJR Consultation for Pay Scales for BAJR Grades. I certainly hope that companies (who must admit that the crisis is all but over) will be able to move forward, rather than take a backward step. which a nil rise would represent. widening the gap to the proposed Benchmark targets. Its all very well being aspirational, but reality must be included in the equation. Councils and Unis may find it harder to move, without firm support and regrading exercises but, with gaps of 53% to make up.... the sooner the better. I will be asking for a 2.5-3% rise, in order to at least match the CPI level. .
The downward pressures to the change in CPI annual inflation are widespread, the largest coming from recreation and culture where prices were largely unchanged between January and February this year but rose by 1.1 per cent a year ago. Within this group, the largest downward effect came from games, toys and hobbies, most notably from computer games and pre-school activity toys. There was also a large downward pressure from books with the price of non-fiction books in particular rising by less than a year ago.
The only large upward pressure to the change in CPI annual inflation came from clothing and footwear. Within this group, the most significant upward effect came from women?s outerwear where, overall, prices rose by more than a year ago.
In the year to February, RPI annual inflation was 3.7 per cent, unchanged from January. The main factors affecting the CPI also affected the RPI. Additionally there was significant upward pressure to the change in the RPI annual rate from housing. This was driven mainly by mortgage interest payments which fell by 0.2 per cent this year but by 7.3 per cent a year ago following January 2009?s half point decrease in the Bank rate. Within housing, there was also a large upward effect from house depreciation, which rose this year but fell a year ago. This reflects movements in the Department of Communities and Local Government?s smoothed house price index that is used to calculate this component.
RPIX inflation ? the all items RPI excluding mortgage interest payments ? was 4.2 per cent in February, down from 4.6 per cent in January.
As an internationally comparable measure of inflation, the CPI shows that the UK inflation rate in January was above the provisional figure for the European Union. The UK rate was
3.5 per cent whereas the EU?s as a whole was 1.7 per cent.
The next publication date is 20 April 2010.
http://www.statistics.gov.uk/cci/nugget.asp?id=19
I will soon be looking at the BAJR Consultation for Pay Scales for BAJR Grades. I certainly hope that companies (who must admit that the crisis is all but over) will be able to move forward, rather than take a backward step. which a nil rise would represent. widening the gap to the proposed Benchmark targets. Its all very well being aspirational, but reality must be included in the equation. Councils and Unis may find it harder to move, without firm support and regrading exercises but, with gaps of 53% to make up.... the sooner the better. I will be asking for a 2.5-3% rise, in order to at least match the CPI level. .
