- published: 28 Sep 2016
- views: 271
In the United Kingdom, the retail prices index or retail price index (RPI) is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.
As the RPI was found not to meet international statistical standards, since 2013 the Office for National Statistics no longer classifies it as a "national statistic", emphasizing the consumer price index instead.
RPI was first calculated for June 1947. It was once the principal official measure of inflation. It has been superseded in that regard by the Consumer Price Index (CPI)
The RPI is still used by the government as a base for various purposes, such as the amounts payable on index-linked securities including index-linked gilts, and social housing rent increases. Many employers also use it as a starting point in wage negotiation. It is no longer used by the government as the basis for the indexation of the pensions of its former employees. The UK state pension (at 2012) is indexed by the highest of average earnings, CPI or 2.5% ("the triple lock").
The Bank of England, formally the Governor and Company of the Bank of England, is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world, after the Sveriges Riksbank, and the world's 8th oldest bank. It was established to act as the English Government's banker and is still the banker for the Government of the United Kingdom. The Bank was privately owned by stockholders from its foundation in 1694 until nationalised in 1946.
In 1998, it became an independent public organisation, wholly owned by the Treasury Solicitor on behalf of the government, with independence in setting monetary policy.
The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, but has a monopoly on the issue of banknotes in England and Wales and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland.
The Bank's Monetary Policy Committee has devolved responsibility for managing monetary policy. The Treasury has reserve powers to give orders to the committee "if they are required in the public interest and by extreme economic circumstances" but such orders must be endorsed by Parliament within 28 days. The Bank's Financial Policy Committee held its first meeting in June 2011 as a macro prudential regulator to oversee regulation of the UK's financial sector.
The Financial Times (FT) is an English-language international daily newspaper with a special emphasis on business and economic news.
The paper, published by Nikkei in London, was founded in 1888 by James Sheridan and Horatio Bottomley, and merged with its closest rival, the Financial News (which had been founded in 1884) in 1945.
The Financial Times has an average daily readership of 2.2 million people worldwide (PwC audited figures, November 2011). FT.com has 4.5 million registered users and over 285,000 digital subscribers, as well as 600,000 paying users. FT Chinese has more than 1.7 million registered users. The world editions of the Financial Times newspaper had a combined average daily circulation of 234,193 copies (88,000 for the UK edition), for January 2014. In February 2014 the world editions, combined, of the Financial Times sold 224,000 copies. In October 2013, the combined paid print and digital circulation of the Financial Times reached nearly 629,000 copies (282,000 for print and 387,000 for online sales), the highest circulation in its 125-year history.As of August 2014, print sales for the paper (all editions combined) stand at 210,182.
This is a list of Teletubbies episodes and videos.
John Butler, GoldMoney Wealth says a rise in UK money supply , along with a drop in sterling, could push inflation up to as high as 4% by the end of 2017. John discusses the effects of this and how to trade the potential event.
► Subscribe to FT.com here: http://on.ft.com/2eZZoLI ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
http://illuminatisilver.com http://facebook.com/illuminatisilver UK Inflation set to soar to 4% by late 2017 Today is Wednesday 2nd November 2016 and we are briefly addressing the issue of rising inflation in the United Kingdom. Many analysts and economists have predicted that the UK’s exit from the EU will not only result in a lower value of sterling, but also a rise in inflation. An article published by the BBC today states that a leading think tank has forecast UK inflation will quadruple to about 4% in the second half of next year and that disposable incomes will be cut. The National Institute for Economic and Social Research (NIESR) is the UK's oldest independent economic research body and was founded in 1938. It quotes: “The rise in prices will accelerate rapidly during 2017 a...
When will the BOE raise interest rates in response to the sharp rise in inflation? How high can rates go, given the fact that there is a bubble in the housing market? Presenter Jenny Hammond and Tip TV’s Zak Mir talk to Shaun Richards from Not A Yes Man Economics about the rising inflation, housing bubble and a number of ways in which BOE may respond. Tip TV Finance is a daily finance show based in Belgravia, London. Tip TV Finance prides itself on being able to attract the very highest quality guests on the show to talk markets, economics, trading and investing, keeping our audience informed via insightful and actionable infotainment. The Tip TV Daily Finance Show covers all asset classes ranging from currencies (forex), equities, bonds, commodities, futures and options. Guests share...
Economists constantly refer to inflation and tend to suggest it is a Very Bad Thing. But why exactly, where does it come from and what could one do to tame it? Please subscribe here: http://tinyurl.com/o28mut7 If you like our films take a look at our shop (we ship worldwide): http://www.theschooloflife.com/shop/all/ Brought to you by http://www.theschooloflife.com Produced in collaboration with Vale Productions http://www.valeproductions.co.uk Music Lanquidity by http://www.purple-planet.com
The UK’s latest inflation rate pushes above the Bank of England's 2% thanks to rising fuel and food prices. The figures now sit at 2.3%, the highest since September 2013. Sterling weakness has contributed to this gain with food prices recording their first annual increase for more than two-and-a-half years, standing 0.3% higher in February than a year earlier. Looking ahead. The Bank of England expects inflation will peak at 2.8% next year. This reading has sparks speculation that a central bank rate rise could soon be on the agenda. In response Sterling hit a three-week high on the back of this report. Technically, the pound’s exchange rate against the dollar has today broken to the upside from a falling channel it had been in since the start of February. The ONS also reported that th...
This is a recording of my short revision webinar looking at key recent changed in UK unemployment and inflation. How much further can unemployment keep falling whilst inflation is well within the 2% inflation target?
► Subscribe to FT.com here: http://on.ft.com/2eZZoLI The FT's Vanessa Kortekaas highlights the key stories to watch for in the coming week, including UK prime minister Theresa May's foreign policy speech, European economic data and results from US retailer Walmart ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Going into the EU referendum the vested interest academic economists from the Bank of England down were repeatedly issuing dire warnings of a plunge in sterling that would send inflation soaring that would trigger a series of interest rate hikes all whilst the economy collapsed. The prices in the shops as measured by official UK CPI Inflation was hugging near 0% at a rate of just 0.3% for May 2016 data, meanwhile RPI which is the closest official measure to real inflation was already above 1% at 1.4%, which are set against the demand adjusted Real UK inflation rate of 1.8%. So official UK price Inflation was already well above 1% and trending towards 2% before BrExit. Now a couple of months on from BrExit inflation has nudged higher to CPI 0.60% and RPI to 1.8%, see my latest video of whe...
UK inflation is at it's lowest recorded rate for decades, thanks to falling food and fuel prices. Despite deflation on the horizon it's not a bleak outlook for the economy. Full Story: The last time UK inflation was this low - you could buy a loaf of bread for 5 pence, now you'll spend well over a pound. At 0% it's the lowest figure since records began...unofficial estimates indicate it was last around that mark back in 1960. And it's putting a big smile on Finance Minister George Osborne's face. [George Osborne, Uk Finance Minister]: "Frozen prices are a first for the British economy and this zero inflation is driven by falling petrol prices and food prices, so it's good news for families." Food prices fell 3.4% in the year to February. The cost of fuel - down 16.6%, thanks to plum...
John Butler, GoldMoney Wealth says a rise in UK money supply , along with a drop in sterling, could push inflation up to as high as 4% by the end of 2017. John discusses the effects of this and how to trade the potential event.
► Subscribe to FT.com here: http://on.ft.com/2eZZoLI ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
http://illuminatisilver.com http://facebook.com/illuminatisilver UK Inflation set to soar to 4% by late 2017 Today is Wednesday 2nd November 2016 and we are briefly addressing the issue of rising inflation in the United Kingdom. Many analysts and economists have predicted that the UK’s exit from the EU will not only result in a lower value of sterling, but also a rise in inflation. An article published by the BBC today states that a leading think tank has forecast UK inflation will quadruple to about 4% in the second half of next year and that disposable incomes will be cut. The National Institute for Economic and Social Research (NIESR) is the UK's oldest independent economic research body and was founded in 1938. It quotes: “The rise in prices will accelerate rapidly during 2017 a...
When will the BOE raise interest rates in response to the sharp rise in inflation? How high can rates go, given the fact that there is a bubble in the housing market? Presenter Jenny Hammond and Tip TV’s Zak Mir talk to Shaun Richards from Not A Yes Man Economics about the rising inflation, housing bubble and a number of ways in which BOE may respond. Tip TV Finance is a daily finance show based in Belgravia, London. Tip TV Finance prides itself on being able to attract the very highest quality guests on the show to talk markets, economics, trading and investing, keeping our audience informed via insightful and actionable infotainment. The Tip TV Daily Finance Show covers all asset classes ranging from currencies (forex), equities, bonds, commodities, futures and options. Guests share...
Economists constantly refer to inflation and tend to suggest it is a Very Bad Thing. But why exactly, where does it come from and what could one do to tame it? Please subscribe here: http://tinyurl.com/o28mut7 If you like our films take a look at our shop (we ship worldwide): http://www.theschooloflife.com/shop/all/ Brought to you by http://www.theschooloflife.com Produced in collaboration with Vale Productions http://www.valeproductions.co.uk Music Lanquidity by http://www.purple-planet.com
The UK’s latest inflation rate pushes above the Bank of England's 2% thanks to rising fuel and food prices. The figures now sit at 2.3%, the highest since September 2013. Sterling weakness has contributed to this gain with food prices recording their first annual increase for more than two-and-a-half years, standing 0.3% higher in February than a year earlier. Looking ahead. The Bank of England expects inflation will peak at 2.8% next year. This reading has sparks speculation that a central bank rate rise could soon be on the agenda. In response Sterling hit a three-week high on the back of this report. Technically, the pound’s exchange rate against the dollar has today broken to the upside from a falling channel it had been in since the start of February. The ONS also reported that th...
This is a recording of my short revision webinar looking at key recent changed in UK unemployment and inflation. How much further can unemployment keep falling whilst inflation is well within the 2% inflation target?
► Subscribe to FT.com here: http://on.ft.com/2eZZoLI The FT's Vanessa Kortekaas highlights the key stories to watch for in the coming week, including UK prime minister Theresa May's foreign policy speech, European economic data and results from US retailer Walmart ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Going into the EU referendum the vested interest academic economists from the Bank of England down were repeatedly issuing dire warnings of a plunge in sterling that would send inflation soaring that would trigger a series of interest rate hikes all whilst the economy collapsed. The prices in the shops as measured by official UK CPI Inflation was hugging near 0% at a rate of just 0.3% for May 2016 data, meanwhile RPI which is the closest official measure to real inflation was already above 1% at 1.4%, which are set against the demand adjusted Real UK inflation rate of 1.8%. So official UK price Inflation was already well above 1% and trending towards 2% before BrExit. Now a couple of months on from BrExit inflation has nudged higher to CPI 0.60% and RPI to 1.8%, see my latest video of whe...
UK inflation is at it's lowest recorded rate for decades, thanks to falling food and fuel prices. Despite deflation on the horizon it's not a bleak outlook for the economy. Full Story: The last time UK inflation was this low - you could buy a loaf of bread for 5 pence, now you'll spend well over a pound. At 0% it's the lowest figure since records began...unofficial estimates indicate it was last around that mark back in 1960. And it's putting a big smile on Finance Minister George Osborne's face. [George Osborne, Uk Finance Minister]: "Frozen prices are a first for the British economy and this zero inflation is driven by falling petrol prices and food prices, so it's good news for families." Food prices fell 3.4% in the year to February. The cost of fuel - down 16.6%, thanks to plum...
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Looking at Forex and stocks for the week. US & UK inflation due tomorrow.
Senior Associate Anthony Cheung discusses the strength in the EUR this morning after the televised French debate and what to look out for today including UK inflation figures and a number of Fed speakers.
Is the UK 6 year long panic low of 0.5% interest rates over? Are rates about to start on a trend towards normlisation as the Bank of England Governor Mark . UK Inflation set to soar to 4% by late 2017 Today is Wednesday 2nd November 2016 and we are . Going into the EU referendum the vested interest academic economists from the Bank of England down were repeatedly issuing dire warnings of a plunge in . The US Federal Reserve has raised short-term interest rates for the second time in a decade and forecast a faster pace of tightening in the coming year, as it .
Author & Founder, Electronic Research Interchange (ERIC), London, UK Topic: Equity Valuation: inflation, deflation and mean reversion
DailyFX Senior Currency Strategist Christopher Vecchio discusses the major data due over the coming week and how they will impact FX markets. Topics covered include: - How will UK inflation data impact GBP/JPY, GBP/USD, and EUR/GBP? - Has the US Dollar finally bottomed? What levels to watch in DXY around Yellen's testimony and US CPI? - How will AUD/JPY and AUD/USD trade around Chinese CPI and Australian labor figures this week? #news @CVecchioFX
Talking Points: • Risk trends continue to build a gaping divergence between conviction and need • Brexit is far from resolved as a market mover with UK housing, inflation and jobs data this week • Top event risk will be the ECB rate decision, but there are plenty of events for Europe this week Read the full article here: https://www.dailyfx.com/forex/video/live_events/2016/07/19/Webinar-Fundamental-Forecast-ECB-Decision-Brexit-Fallout-Risk-Trends-.html #news #SP500 #USD #FOMC #BoJ @JohnKicklighter
Live Analysis in the European opening bell. Trade and Follow Forex Crunch Analyst Yohay Elam and share your ideas with him and the whole community! Live weekdays from 7 to 8 am GMT. Here: http://www.fxstreet.com/webinars/live-analysis/ A risk on sentiment has taken over: higher oil prices and other commodity prices support commodity currencies and also the pound is on a winning streak, defying gravity, weak indicators and political worries. The Japanese yen is the only loser around, finally correcting its big gains across the board. The Fed meeting as well as the meeting between Obama and Yellen did not yield any news and the market does not see a hike anytime soon. Will the positive mood continue? UK inflation and Chinese trade are next.
Following the lecture on 'A New Theory of Economic Growth' in the previous year, and with a new Governor of the Bank of England, this lecture looks at a different way of targeting economic policy to deal with the paradox that inflation has been consistently above its target for the past three years while growth has underperformed consistently. This lecture argues that the time has come to update the Monetary Policy Committee's target to use Money GDP instead of simple inflation targeting. The transcript and downloadable versions of the lecture are available from the Gresham College website: http://www.gresham.ac.uk/lectures-and-events/should-the-uk-adopt-money-gdp-targets Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five o...