UK inflation rate falls to 1.5% in May 2014
The Consumer Prices Index (CPI) measure of inflation fell to 1.5% in May, according to the Office for National Statistics.
The Retail Prices Index (RPI) fell to 2.4% in May from 2.5% in April.
Farrell Financial Planning does not give …
How would a UK interest rate rise affect people?
After a sustained period of low interest rates in the UK on 12th June 2014, the Governor of the Bank of England Mark Carney indicated a rise in interest rates could happen ‘sooner than markets currently expect’.
For some people …
UK inflation rate falls to 2% in December 2013
The Consumer Prices Index (CPI) measure of inflation fell to 2% in December, according to the Office for National Statistics.
It is the first time CPI has been at or below the government’s target of 2% since November 2009.
The …
Japan close to escaping deflation
Japan moves close to beating 15 years of deflation. Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect.
Deflation is the opposite of inflation; it …
NS&I cuts ISA rate
National Savings and Investments (NS&I) is to reduce the interest rate on its Direct ISA by 0.25% to 1.50% AER with effect from 27 February 2014.
NS&I is one of the largest savings organisations in the UK, with over 25 …