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Latest figures show that UK inflation has fallen as oil, transport and food costs drop. The Consumer Price Index (CPI) has fallen from 5.2%% to 4.5% through September and it is said to be the biggest drop in 16 years.
The Retail Price Index (RPI) includes housing costs and has also fallen to 4.2% from 5% (the biggest fall since 2003).
"The decrease this year was triggered by a sharp fall in the price of crude oil."
The Bank of England have said that inflation could fall below its target of 2% over the next year, even dropping as low as 1%. The slowing UK economy is lowering the cost of living due to falling food and fuel prices.
It is expected that the Bank of England will lower rates even more in December, perhaps to as low as 2%. Deflation would not be a disaster, but it is believed that a long period of falling prices might be. Falling demand and output can result in firms selling less, cutting jobs and cutting wages. Following on, the spiraling cycle will see consumers with less money to spend and as a result demand will fall even more.
UK Consumer Inflation Falls to 4.5%
Latest figures show that UK inflation has fallen as oil, transport and food costs drop. The Consumer Price Index (CPI) has fallen from 5.2%% to 4.5% through September and it is said to be the biggest drop in 16 years.
The Retail Price Index (RPI) includes housing costs and has also fallen to 4.2% from 5% (the biggest fall since 2003).
"The decrease this year was triggered by a sharp fall in the price of crude oil."
The Bank of England have said that inflation could fall below its target of 2% over the next year, even dropping as low as 1%. The slowing UK economy is lowering the cost of living due to falling food and fuel prices.
It is expected that the Bank of England will lower rates even more in December, perhaps to as low as 2%. Deflation would not be a disaster, but it is believed that a long period of falling prices might be. Falling demand and output can result in firms selling less, cutting jobs and cutting wages. Following on, the spiraling cycle will see consumers with less money to spend and as a result demand will fall even more.
Nazare, Portugal
• Below market value
• 9% Rental Yields
• Instant equity
• Boutique Town Centre Development
• Strong potential for Capital Appreciation
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