All posts by Ken Mulkearn

Labour market continues to break records

The labour market continues to perform strongly on the main measures, according to the latest statistics from the Office for National Statistics (ONS), for the period from November 2016 to January 2017. Employment has risen yet again and unemployment has fallen further. Economic inactivity is also lower, while redundancies and vacancies show little change. Continue reading Labour market continues to break records

ONS prefers CPIH measure

The Office for National Statistics has announced that it is to make the CPIH its preferred measure of inflation, from March 2017. The CPIH, which includes a measure of housing costs, based on ‘imputed rents’, will take over from the CPI – which does not include any measure of housing costs – as the government’s main measure of changes in the cost of living. The switch to the CPIH is an attempt to overcome the shortcomings of the CPI in this respect. Continue reading ONS prefers CPIH measure

Inflation rises again

The all-items Retail Prices Index (RPI) rose to 1.9% in the year to July 2016, from 1.6% in the year to June. The measure is now just 0.1% lower than its last highest point, in November 2014, when it was 2.0%.

The main upward contribution to the latest increase was from motoring expenditure. Petrol prices rose by 0.9p per litre between June and July this year, to stand at 111.9p per litre, compared to a 0.1p increase at the same time last year. Average premiums for car insurance rose this year by more than a year ago. Other upward pressures came from alcohol and food prices. Continue reading Inflation rises again