Please turn on JavaScript. Media requires JavaScript to play.
Richard Campbell from the ONS: "People will be feeling the pinch on their pocket. They will have less money to spend"
The rate of consumer price index (CPI) inflation increased to 2.7% in May, up from 2.4% in April, the Office for National Statistics (ONS) said.
The ONS said the rise was due to a record increase in airfares and higher fuel prices.
Airfares rose by 22% between April and May, the highest increase since comparable records began in 2001.
The Bank of England has said it expects inflation to exceed 3% this year.
May's rise in inflation was higher than analysts predicted.
Continue reading the main storyThe price of clothing and footwear rose by 1.2% month-on-month, after a colder than normal May saw the cost of women's outdoor clothing increase.
However, food and drink prices fell, with a reduction in the cost of meat, vegetables, fruit, sugar and jams.
The Bank of England expects inflation to remain above its 2% target until early 2016.
Markit's chief economist Chris Williamson said that the rise in inflation acted as "a reminder that the ongoing erosion of spending power from rising prices will continue to act as a brake on economic recovery".
The sharp rise in airfares appeared to have taken analysts by surprise.
Ross Walker, UK economist at RBS, said: "The good news is that [inflation] is coming in noticeably below the Bank of England's May forecast, where they had a 2.9% average for the second quarter.
"So looking over a two or three-month horizon, which I think you have to do, the inflation picture is a little better, but still above target and still a little bit sticky."
Anda sedang membaca artikel tentang
UK inflation rate rises to 2.7%
Dengan url
http://gayabugarsehat.blogspot.com/2013/06/uk-inflation-rate-rises-to-27.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
UK inflation rate rises to 2.7%
namun jangan lupa untuk meletakkan link
UK inflation rate rises to 2.7%
sebagai sumbernya
0 komentar:
Posting Komentar