Eurozone continues to have negative impact on UK economy
In the words of the BoE governor, Sir Mervyn King, the EU is quite literally “tearing itself apart” and this is having a huge impact on the economy of the UK. Inflation will stay higher longer and it...
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US Wholesale Commodity Costs Increase Above Predictions
A growing number of Americans are concerned about the cost of food, fuel, and a range of other household expenses, new data indicates. New information from the Labor Department of the United States...
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Inflation Could Reach 3 Percent in July, Economists Claim
The CPI inflation rate rose to 2.7 percent in May after airfares and other transport costs increased substantially. New data from the Office of National Statistics shows that May’s rise in inflation...
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Federal Reserve QE3 Policies to End in 2014
The United States’ economic policy of quantitative easing will come to an end during 2014, Federal Reserve chairman Ben Bernanke claimed. The Federal Reserve’s third quantitative easing effort, named...
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UK Food and Alcohol Prices Higher Than European Average
A survey from the Office of National Statistics is causing heated discussion after it revealed that Britons pay as much as 94 percent more for tobacco products and 43 percent more for Alcohol than most...
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UK Wages Declining at the Highest Rate in Europe
Wages for UK workers have declined at one of the greatest rates in Europe, a new study from the House of Commons Library shows. Average hourly pay rates have decreased by 5.5 percent in the last three...
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Japanese Consumer Prices Increase, Signalling End of Deflation
After five years of deflation, the price of consumer goods in Japan is on the way up after a series of measures from key policymakers bring an end to deflation. Prices for consumer goods in Japan...
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30 Percent of Britons ‘Struggling to Feed Themselves’
Rising grocery prices are causing many Britons to forego luxuries in order to keep their grocery bills under control. A new survey from Which? indicates that as many as eight in 10 individuals are...
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Cost of Living Still Rising at Alarming Rate
Life in the UK continues to grow more expensive. Although inflation recently fell to its lowest rate in four years, figures from the Office for National Statistics show that declining wages are making...
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Wages Starting to Catch Up With Inflation
According to new data from the Office for National Statistics, wages have caught up with inflation. The increase in average earnings comes after almost six years of low wages relative to CPI inflation....
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