• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Inflation falls unexpectedly to 2.6%

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Inflation falls unexpectedly to 2.6%

    Taken from The Financial Reporter

    CPI inflation fell from 2.9% in May to 2.6% in June, according to the latest ONS statistics, which industry experts believe will relieve pressure on the Bank of England to raise interest rates.
    CPIH, which the ONS are now using as their headline measure and which includes owner occupiers’ housing costs, shows a 12-month inflation rate of 2.6% in June, down from 2.7% in May.
    This is the first fall in the CPIH inflation rate since April 2016.

    Falling prices for motor fuels and recreational goods and services were the main contributors to the fall in the rate.Ben Brettell, Senior Economist at Hargreaves Lansdown, commented: "UK inflation fell unexpectedly in June to 2.6%, easing the pressure on squeezed household budgets and substantially reducing the likelihood of an August interest rate rise."

    The news sent the pound sharply lower as currency traders adjusted their outlook for interest rates. The Bank of England’s rhetoric has taken an increasingly hawkish tone in recent weeks, with Mark Carney himself saying at the end of last month that “some removal of monetary stimulus is likely to become necessary”. Chief economist Andy Haldane also indicated he might support a rate rise this year. However if today’s pullback in inflation marks the start of a sustained decline, the pressure on the Bank to raise rates will ease."

    #2
    Brexit innit
    http://www.cih.org/news-article/disp...housing_market

    Comment


      #3
      basically if inflation is falling

      then people ain't spending

      hmmm, in a consumption based economy, that ain't good

      Milan.

      Comment


        #4
        Originally posted by milanbenes View Post
        basically if inflation is falling

        then people ain't spending

        hmmm, in a consumption based economy, that ain't good

        Milan.
        MM but last week rising inflation was caused by brexit...

        seems to me that whatever happens it is bad and alll brexit's fault...

        Comment


          #5
          Originally posted by original PM View Post
          MM but last week rising inflation was caused by brexit...

          seems to me that whatever happens it is bad and alll brexit's fault...
          This is the really bad news.

          https://www.ft.com/content/0c3427b2-...8-8055f264aa8b

          Plummeting investment in the car industry means no jobs tomorrow. This is the thing about investment is that it takes a year before you start see any effects.

          Banks are beginning to relocate, currently hundreds of jobs but in phase 2 it will be thousands, because Brexit is going to be really sh*te with no agreement on finance.
          I'm alright Jack

          Comment


            #6
            Originally posted by BlasterBates View Post
            This is the really bad news.

            https://www.ft.com/content/0c3427b2-...8-8055f264aa8b

            Plummeting investment in the car industry means no jobs tomorrow. This is the thing about investment is that it takes a year before you start see any effects.

            Banks are beginning to relocate, currently hundreds of jobs but in phase 2 it will be thousands, because Brexit is going to be really sh*te with no agreement on finance.
            Burn baby burn
            http://www.cih.org/news-article/disp...housing_market

            Comment


              #7
              Inflation falls unexpectedly to 2.6%

              Originally posted by original PM View Post
              MM but last week rising inflation was caused by brexit...

              seems to me that whatever happens it is bad and alll brexit's fault...
              Last week you told us all that the only good economy was a consumer driven one, now you say it's not. Make up your mind, or just blame the EU/foreigners/refugees/ immigrants as usual.
              …Maybe we ain’t that young anymore

              Comment


                #8
                London capital beginning to wobble

                London is "wobbling".
                I'm alright Jack

                Comment


                  #9
                  Does the channel tunnel stay opened after Brexit or will they just flood it with the help of some dynamite?
                  "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                  Comment


                    #10
                    Originally posted by scooterscot View Post
                    Does the channel tunnel stay opened after Brexit or will they just flood it with the help of some dynamite?
                    Dunno

                    Are we going to drain the channel as well?

                    Comment

                    Working...
                    X