Inflation
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UK Inflation Rises Unexpectedly in July to 2.6% Beats Bank of England Target

UK Inflation Rises Unexpectedly in July to 2.6% Beats Bank of England Target | Inflation | Scoop.it

By SHANE CROUCHER

 

"UK inflation rose unexpectedly in July as the Consumer Price Index (CPI) came in at 2.6 percent, casting a shadow over the Bank of England's forecast that it will reach the government's two percent target by around the end of the year.

 

"Rising air fares sent inflation up on June's figure of 2.4 percent, reported the Office for National Statistics (ONS), while slowing price drops from continued discounting of clothing and footwear goods failed to provide the same off-setting inflation counterweight as in previous months.

 

"July's unexpected rise in UK inflation is disappointing, but it is likely to be just a temporary blip," said Vicky Redwood, an analyst at Capital Economics.

 

"Admittedly, the near-term outlook for inflation has worsened slightly on the back of the renewed rise in petrol prices and the rise in agricultural prices. ..."


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Inflation Propaganda Exposed

The CPI is no longer a tool to accurately measure inflation, but an instrument of propaganda the government uses to hide accelerating inflation from the publ...
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FC Barcelona 2013 membership to cost 177 euros

FC Barcelona 2013 membership to cost 177 euros | Inflation | Scoop.it

The increase in the membership fee is due to the CPI and VAT increases this year, the value added tax increased from 18 to 21%

In the following days, FC Barcelona members will receive their bill for the 2013 FC Barcelona membership fee. This year the fee will be 177 euros for adult members.

This amount comes from adding up Catalonia's CPI (consumer price index) mid-year fee (4.2%) and the new adjusted VAT tax rate, which increased from 18 to 21%. Therefore, members will have to pay 11 euros more than they did last year for their membership fee.


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Groups Protest Chained Consumer Price Index

Groups Protest Chained Consumer Price Index | Inflation | Scoop.it
Protestors gathered in front of the federal building Tuesday to speak out against a plan in the President's proposed budget that would change the way (RT @MetroJustice: Metro Justice and the Band of Rebels on WXXI!
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