Inflation

Inflation

CPI up to 3.2%, RPI down to 0.0%

Annual inflation rates - 12 month percentage change

Consumer Prices Index (CPI) annual inflation - the Government's target measure - was 3.2 per cent in February, up from 3.0 per cent in January.

The largest upward pressure on the CPI annual rate came from food and non-alcoholic beverages. The effect was widespread but the largest individual factor was the price of vegetables which rose by more than a year ago. There were smaller upward pressures from fruit, mineral waters, soft drinks and juices, bread and cereals, and meat, partially offset by coffee, tea and cocoa where prices fell this year but rose a year ago.

There were further large upward pressures from:

• recreation and culture where, overall, prices rose by more than a year ago. The effect came mainly from a wide range of games, toys and hobbies and from computer games and preschool activity toys in particular.

• transport costs, mainly due to the price of fuels and lubricants which rose by more than a year ago. The average price of petrol rose by 3.2 pence per litre between January and February this year, to stand at 89.5 pence, compared with a rise of 0.1 pence last year. Diesel prices rose by 2.1 pence per litre this year compared with a rise of 0.5 pence last year. Within this division, there was a partially offsetting downward effect from air fares, principally from European and long-haul routes.

• furniture, household equipment and maintenance with upward effects from major appliances and non-durable household goods.

• clothing and footwear where prices rose by more than a year ago.

The only large downward pressure on the CPI annual rate came from housing and household services. This was due to gas and electricity bills which were unchanged this year but rose a year ago when many suppliers increased their rates.

Retail Prices Index (RPI) inflation slowed to 0.0 per cent in February, down from 0.1 per cent in January. The main factors affecting the CPI also affected the RPI. Additionally, there was a large downward pressure from housing with the main effect coming from mortgage interest payments which are excluded from the CPI.

RPIX inflation - the all items RPI excluding mortgage interest payments - was 2.5 per cent in February, up from 2.4 per cent in January.

As an internationally comparable measure of inflation, the CPI shows that the UK inflation rate in January, at 3.0 per cent, was above the provisional figure for the European Union as a whole of 1.7 per cent.

Notes:

CPI is the Consumer Prices Index. It is the measure adopted by the Government for its UK inflation target. The Bank of England's Monetary Policy Committee is required to achieve a target of 2 per cent. Prior to 10 December 2003, the CPI was published in the UK as the harmonised index of consumer prices (HICP).

RPI is the Retail Prices Index. The uses of the RPI and its derivatives include indexation of pensions, state benefits and index-linked gilts.

Inflation is the percentage change in the index compared with the same month one year previously.

The next publication date is 21 April 2009.

Published on 24 March 2009 at 9:30 am on UK National Statistics webpage

http://www.statistics.gov.uk/cci/nugget.asp?ID=19

Rapid inflation will harm all groups through reducing real values, creating uncertainty,

instability and harming the efficient operation of the market system. The level of

inflation will influence the severity of any effects. Those who benefit include the

government, borrowers, importers and some producers. Those who suffer include

fixed income earners, lenders, exporters and some producers.

reflation

It lead to inflation for the Americans because, as their army grew, they needed more supplies for the soldiers, and the price on weapons went up. You could say there was a tax put on the weapons.

One Guinea GBP in 1700 had the purchasing power of about £127.05 GBP today.

NOTE - This historical conversion is the result of many calculations and considerations by a purpose designed program for which I can take no credit. The resulting answer should only be regarded as an approximation.

no

$1 if it is a Sacajawea Dollar, the coins aren't actually gold but rather an alloy of copper and brass making them be worth simply $1. The value of the actual materials inside the coin is around 6 cents. They aren't rare and hold no special collector value.

Inflation can be controlled through agricultural or farm mechanization by making use of added value products. Yearly human wages tend to rise through time, but well negotiated interest rates for financing mechanization do not.

See the related link below for more helpful information.

The Vietnam War had increased the federal deficit.

When compare to developed nations, Indian ideal inflation rate should be around 3-4%

Paul Krugman, a columnist with The New York Times, has published an article that promotes the view that inflation should be allowed to occur. High inflation, he states, promotes spending over saving, and reduces the real value of any debts.

You can't. It's inevitable.

because...

it is about 75%

President Jackson issued the Specie Circular of 1836

rich countries are developed and are in prosperant situation they have developed.as we know about Darwin theory SURVIVAL FOR FITTEST poor countries need to develop.with the innitiatives of rich countries the poor countries get the platform for development.so if gap between rich and poor countries widen it may lead to a unsafe world.

they wanted the government to create a graduated income tax

yes

Using LIFO during a period of increasing costs means that your inventory is stated at a lower level so your Cost of Goods Sold is higher; therefore your profit is lower and you pay less taxes. So the cash flow advantage is reduced tax payments.

you can determine the maximum inflation point when taking blood pressure by using palpation.

Point inflation is the point at which the curve changes its shape with the fixed rate of change. Point to point is the distance between the changes.

There are various ways to artificially inflate the belly, none of which can be attempted safely. If you or someone you know feels a compulsion to inflate themselves they might possibly need to discuss this with a health professional, who will be qualified to explain, among other things, the dangers involved.

Balloons, floaties, swimming tubes, lilos, etc. All can be inflated.