Higher energy bills and transport costs drive up United Kingdom inflation

23 Mai, 2019, 06:25 | Auteur: Auguste Feret

Thomas Pugh, UK economist at Capital Economics, said: "While we suspect that inflation is likely to remain above the 2 per cent [target] for the rest of the year, we don't think that it will force the Bank of England into action anytime soon".

Surging gas and electricity prices have pushed inflation to its highest level this year, with the Consumer Prices Index hitting 2.1pc in April.

Prices rose at an annual rate of 2.1 per cent in April, marginally below the 2.2 per cent forecast by Reuters' poll of economists, but up from 1.9 per cent in March, according to the Office for National Statistics.

Sterling and government bonds were little changed by the data as core inflation, which excludes energy and food prices, held steady at 1.8% for the third month in a row. Economists had anticipated that the lifting of the cap would add 0.3 percentage...

Electricity and gas prices were the biggest driver of inflation last month, the ONS said.

The Bank of England said earlier this month that it was expecting growth and inflation to pick up over the next two years and that interest rate increases could be "more frequent" than expected.

Game of Thrones Producer Joins Amazon's Lord of the Rings Show
The Second Age spans 3441 years and ends with the first downfall of Sauron, the primary antagonist of "The Lord of the Rings ". Cogman also is writing a live-action remake of " The Sword in the Stone " for Disney's new streaming service Disney+.

Wendy Williams' Son & Estranged Husband Get Into Physical Fight
Kevin Hunter Jr. was charged with simple assault, according to the spokeswoman, following an altercation in West Orange. According to the outlet, Williams , 54, dropped the 18-year-old off at her house, not knowing Hunter was there.

Cardi B Postpones El Paso Concert
Cardi fans will know that the rapper had to slow down her dance moves at the show because of her recent plastic surgeries . Doctors are now insisting she gives herself a few weeks to rest so that the swelling goes down.

The ONS said the upward effect on inflation of energy and transport was partly offset by cheaper computer games and package holidays. The unexpectedly strong performance of the United Kingdom economy, however, has increased the Bank of England's ability to sustain an interest rate rise if it's deemed necessary.

The ONS figures also suggested less short-term pressure in the pipeline for consumer prices than expected.

"Rising inflation alongside slowing wage growth is a concern, as it squeezes real household incomes".

The ONS said house prices in March rose by an annual 1.4% across the United Kingdom as a whole compared with 1.0% in February, marking the first increase in house price inflation since September.

But Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics, said the MPC could not be complacent about price rises and that he expects a rate rise in November. These were up 3.8% in the year to April compared to a 3.2% increase in the year to March.

Conseillé:

  • British chef Jamie Oliver's restaurant chain to enter administration

    British chef Jamie Oliver's restaurant chain to enter administration

    Oliver said he was "devastated" and "deeply saddened" by the bitter pill. "And we did exactly that". Global outlets, such as those in Hong Kong, Singapore and Thailand, will continue to trade.
    Trendon Watford Commits to LSU

    Trendon Watford Commits to LSU

    He averaged 23.7 points, 11.8 rebounds, 3.6 assists, 2.5 blocked shots and 2.1 steals as a senior. Graduate of University of Delaware.
    NAB gives in to customer demands and finally launches Apple Pay

    NAB gives in to customer demands and finally launches Apple Pay

    CBA capitulated in January this year, and in May extended its availability from consumer to business card holders. Australian regulators sided with Apple , and turned down the banks' request to bargain collectively with Apple .
  • Elizabeth Olsen Recalls Her 'Awkward' 'Game of Thrones' Audition

    Elizabeth Olsen Recalls Her 'Awkward' 'Game of Thrones' Audition

    Olsen shared: "When I first started working, I just auditioned for everything, because I like auditioning". How do you think Elizabeth Olsen would have fared as the Mother of Dragons? Emilia, I love you.
    Un nouvel opus annoncé par Codemasters — GRID

    Un nouvel opus annoncé par Codemasters — GRID

    GRID est une série que notre communauté adore, et nous sommes très heureux de la porter sur les consoles de nouvelle génération. Egalement, une Edition Ultimate, comprenant les 3 premières saisons du jeu sera disponible à l'achat prochainement.
    Flamingo euthanized after elementary school student hits it with rock

    Flamingo euthanized after elementary school student hits it with rock

    Zoo officials in IL euthanized a flamingo after a kid injured the animal by throwing a rock into the exhibit Monday. But Tetzloff said zoo officials are not changing the layout despite what occurred, he told The Pantagraph .
  • Ex-FSU QB Deondre Francois Plans to Walk on at FAU

    Florida State dismissed Francois in February after his ex-girlfriend posted an Instagram video alleging that he abused her. Of the incidents, Francois told 247Sports he's "learned from it" and that he takes "full responsibility for my actions".
    Le président sortant Joko Widodo réélu pour un second mandat — Indonésie

    Le président sortant Joko Widodo réélu pour un second mandat — Indonésie

    Des centres commerciaux, des entreprises ainsi que des écoles ont également été fermés par mesure de précaution. Près de 70 manifestants ont été arrêtés selon la police qui a attribué les violences à des "provocateurs".
    Matthias et Maxime, mélo d'érable — Festival de Cannes

    Matthias et Maxime, mélo d'érable — Festival de Cannes

    En 2009, avec J'ai tué ma mère , son premier long-métrage sélectionné à la Quinzaine des réalisateurs, le garçon se fait un nom. On peut officiellement qualifier le retour de Xavier Dolan à Cannes de triomphal! Le Mbappé du cinéma est québécois.
  • Drake seen massaging Toronto Raptors coach's shoulders as some question his behavior

    Drake seen massaging Toronto Raptors coach's shoulders as some question his behavior

    Drake, an avid Raptors fan, regularly trolled Antetokounmpo throughout the game and laughing when he missed free throws. The vast majority of us in the sports world could do with less Drake in our lives.

    Orange is the New Black's final season release date has been announced

    Meanwhile, things in maximum security continues on without her as Taystee (Danielle Brooks ) and Cindy's ( Adrienne C. Orange Is The New Black , which also stars Uzo Aduba , Laura Prepon and Natasha Lyonne, debuted in 2013.
    Plan may send up to 10,000 troops to the Middle East

    Plan may send up to 10,000 troops to the Middle East

    On 8 May, Iran announced its decision to partially discontinue its obligations under the nuclear agreement. This is about continuing to protect our interest in the Middle East", Shanahan told reporters Tuesday.


Populaire

AUD/USD Price Forecast - Australian dollar looking for footing
Note also that the May Minutes point to downside risks for the global economy and confirmed in today's speech. The dovish set of RBA minutes confirms the central bank is closing on rate cuts, as expected by markets.

Drake's new diamond jacket costs over half a million dollars
Drake even supplied a viral moment when he was caught on camera providing an impromptu shoulder rub to Raptors' coach Nick Nurse.

Varane staying at Real amid United links
Raphael Varane will stay at Real Madrid amid reported interest from Manchester United , a source close to the player has confirmed to ESPN FC.

Results of investigation into racist Northam yearbook photo will be revealed
A three-month-long investigation commissioned by Eastern Virginia Medical School could not determine whether or not Virginia Gov. Not to mention the blackface scandal facing Attorney General Mark Herring and the sexual assault allegations against Lt.

Marcus Smart was named to the NBA’s all-defensive first team
Indiana's Myles Turner received the only other First Team vote that did not go to either Gobert or Embiid at the center position. Amazingly this is the first ever All-Defensive selection for Thompson in his eight National Basketball Association seasons.

IRS Memo: Trump's Tax Returns Must Be Turned Over If Congress Asks
But that would not prevent Trump from releasing them if he so chose. So I would not describe it as I've reviewed it, ' he said. In response to the leaked memo, Rep.

US warns Assad against using chemical weapons
The United States says it suspects that Syrian government forces have carried out a new chemical attack. There was no immediate comment from the Syrian regime on the U.S. statement.

Thomas "involuntarily" removed from MIAC
Thomas "will leave the conference in good standing with a long and appreciated history of academic and athletic success". Thomas will be involuntarily removed from membership in the Minnesota Intercollegiate Athletic Conference (MIAC)".

Suspect charged with murder for the death of Nipsey Hussle
The 29-year-old allegedly murdered Hussle in broad daylight outside of his Marthon store in Crenshaw district of Los Angeles. If convicted of murder, Holder faces up to a life sentence in prison, according to the district attorney's office.

British Steel collapses, costing thousands of jobs
The opposition Labour Party, along with UK unions Unite and GMB, called on the government to nationalise the company. Greybull paid former owners Tata Steel a nominal one pound for the company three years ago.