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UK inflation expected to fall to 2.7%

Publié par Clifford Armion le 17/09/2013

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Katie Allen

Economists are predicting that pressure on British households eased only slightly last month as inflation stuck above the government's target for the 45th straight month.
The headline consumer price measure of inflation (CPI) is expected to ease to 2.7% in August from 2.8% in July, according to a Reuters poll of economists ahead of an official announcement on Tuesday morning. The cost of living measure has been above the 2% target since December 2009.
Fresh data on Monday underlined the strains on Britons' budgets as pay growth fails to keep pace with price rises for essential goods such as food and household energy bills. A key measure of pay, total labour costs per hour, was up by just 0.5% year-on-year in the second quarter of 2013, according to the Office for National Statistics. That was well below average consumer price inflation of 2.7% over the same April to June period.
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"UK inflation expected to fall to 2.7%", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), septembre 2013. Consulté le 14/07/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/uk-inflation-expected-to-fall-to-2-7-