Tuesday, February 13, 2007

Forex News: 13.02.2007 HIPC inflation in UK slowed down

According to the report of the National Office of Statistics, in January the harmonized consumer price index (HIPC) for Great Britain was -0.8%, compared with +0.6% in December. Annual HIPC inflation was 2.7%, compared with 3.0% in the preceding month.

As the National Office of Statistics noted, transport costs, air travel fares, as well as prices for food and non-alcoholic beverages reduced considerably.

The index of retail prices was in January -0.5% in a month, compared with +0.8% in December. Annual retail prices dropped from 4.4% in December to 4.2% in January.

Annual RPIX inflation (retail prices excluding mortgage interest payments) was 3.5% in January, down from 3.8% in December.


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