Latest Retail Prices Index Stories

LONDON, August 23, 2011 /PRNewswire/ -- Prudential has reported that pensioners in the UK with additional savings held in cash ISAs, savings accounts and current accounts could see their spending power fall by an average of GBP278 each in the next 12 months, according to new analysis. The calculations show that the combined effects of increased inflation and low interest rates will erode pensioner buying power by a total of GBP2.9 billion in the coming year. Pensioners...

British retail prices sank in March for the first time since 1960, indicating a period of deflation had set in, the National Statistics Office said. The monthly retail price index registered minus 0.4 percent in the month compared to a break-even zero percent in February. The consumer price index also dropped in the month from 3.2 percent in February to 2.9 percent. Similar factors pressured prices for consumers and retailers, the NSO said. Additionally, depreciation of homes and mortgage...