Today news
About the same in other media
Why September’s dip in UK inflation may be a false dawn
Reading now: 491
Just when everyone was preparing for a stratospheric rise in September’s consumer prices index from August’s 3.2%, the Office for National Statistics said it fell to 3.1%.
Anyone concerned about rising prices could be forgiven for thinking that the momentum building in recent months had slipped a gear and forecasts of inflation running away to 4% or even 5% next spring could joyfully be put in the bin.
Not so fast. The coronavirus pandemic has wreaked havoc on most official data and the inflation figures are among the worst affected.
Lockdowns that closed most shops and government subsidies that propped up household spending power are among the many distorting effects of Covid-19 affecting prices.
The chancellor’s £850m “eat out to help out”
Read more on theguardian.comAbout this in other media
Ethereum price reaches record high and Bitcoin surges. Here are some of the reasons why euronews.com /3 years ago
Why Bitcoin investors should be wary of the CME gap ambcrypto.com /3 years ago
UK may eventually need carbon border tax, George Eustice says theguardian.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
