Swelling energy bills propel inflation to 4.2 per cent, more than double Bank of England’s target November 17, 2021 Swelling household energy bills have propelled inflation to more than double the Bank of England’s target, dialling up pressure on the Old Lady to act to hose down red-hot price rises. Inflation scaled to 4.2 per cent in October, up sharply from 3.1 per cent in the previous month, according to the Office for National [...]
Bailey hot under the collar over price rises as City warns BoE inflation will scale to double its target November 15, 2021 The governor of the Bank of England is deeply agitated by red hot inflation in the UK despite voting in favour of leaving interest rates unchanged at a record low. Responding to a grilling by MPs, Andrew Bailey said he was “very uneasy about the inflation situation”. Inflation is “not of course where we want [...]
UK inflation could go “above five per cent” this winter says new BoE chief economist October 21, 2021 UK inflation could rise above five per cent next year, said the Bank of England’s new chief economist. Speaking to The Financial Times, Huw Pill said: “I would not be shocked — let’s put it that way — if we see an inflation print close to or above five per cent [in the months ahead]. [...]
Wall Street and FTSE 100 drop as inflation worries mount May 19, 2021 Wall Street opened lower this afternoon as rising inflation sparked fears of scaled back support ahead of a key meeting of the US Federal Reserve. The Dow Jones dropped 0.3 per cent and the S&P 500 was down 0.7 per cent, while the tech-heavy Nasdaq dropped 1.7 per cent. It followed losses for the FTSE [...]
Even before the cost of living crisis, Brits struggled to understand their own finances April 11, 2023 Even before the pandemic, inflation and the energy crisis put the "cost of living" at the forefront of our minds, Brits across the country were struggling to manage their finances, writes Nicholas Lyons.
Wall Street creeps higher as investors await cues on tapering and inflation June 9, 2021 Wall Street’s main indexes edged higher today but a lack of clear catalysts kept trading slow while investors awaited inflation data and an upcoming Fed meeting. The Dow Jones Industrial Average was up 0.1 per cent, while the S&P 500 gained 0.2 per cent at the open. Meanwhile, the tech-heavy Nasdaq rose 0.4 per cent, [...]
First-time buyer price inflation nears 10 per cent as London house prices shoot past £500k November 6, 2021 First-time buyer annual house price inflation is now at a five-month high, at 9.2 per cent, and has pushed ahead of the equivalent measure for home movers, at 8.1 per cent, according to property experts. In London, the average house prices have shot passed £500k. The average UK house price hit a record high of [...]
Netflix catches a chill while inflation is knocking at the door April 21, 2021 When you see American Airlines fall 8 per cent because it announced a bigger-than-expected loss in the first quarter, you are fine with that information. But when you see Netflix plunge 10 per cent after-market because it missed estimates, that’s a shocker. Netflix surprised to the downside yesterday, according to Ipek Ozkardeskaya, a senior analyst [...]
Commodity inflation hits China after pandemic delays and recovery demand June 7, 2021 Despite its imports growing at their fastest pace in a decade in May, pandemic delays and recovery demand have spelled rising commodity inflation in China. Surging demand for raw materials stoked the country’s import growth, despite exports climbing less than expected due to pandemic disruptions and Covid cases at key ports. Imports increased 51.1 per [...]
US inflation sees biggest leap in nearly 13 years May 12, 2021 Consumer prices in the United States shot up 4.2 per cent in the 12 months to April, which could add fuel to market fears of a lengthy period of higher inflation. The jump marked the biggest increase in consumer prices since June 2009, and the biggest inflation gain since September 2008. The jump also followed a [...]