Latest RPIX Stories

2009-02-17 16:07:58

Annual retail inflation in Britain fell to its lowest rate in 49 years in January, staying just above zero, the National Statistics Office said. The Retail Price Index fell to an annual rate of 0.1 percent during the month, down from December's 0.9 percent, The Times of London reported Tuesday. The retail inflation rate was 0.5 percent in March 1960, The Times said. Much of the month's price decline came from falling oil prices and mortgage interest rates declining in the wake of the Bank of...

2008-08-15 09:00:31

By Stephen Foley inflation in the United States soared to a 17-year high last month, dealing a blow to hopes that falling commodities prices will quickly take pressure off the American consumer. The rising cost of airline tickets, clothing and even tobacco compounded a high year-on-year increase in petrol and food prices, taking the annual inflation rate to 5.6 per cent, the highest since January 1991 and suggesting that inflation could be taking root in the economy. The month-on-month...

2008-08-12 12:00:39

By MATT DICKINSON INFLATION figures out today are expected to show the annual rate for July spiralling to more than twice the Government's target. Estimates have put the Consumer Prices Index (CPI) - the official measure of inflation - at 4.2% for the year to July, up from 3.8% in June and a new series record. The measure, which is calculated by the Office for National Statistics (ONS), is likely to have risen again thanks to soaring oil and food prices. Crude oil topped an all-time...

Word of the Day
  • A landsman who is making his first voyage at sea; a novice who enters naval service from rural life.
According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'