View more on these topics

CPI inflation increases to 2.7% in May

Money-Cash-Coins-GBP-Pounds-UK-700x450.jpg

The consumer prices index grew by 2.7 per cent over the year to May, up from 2.4 per cent in April.

The biggest increase came from transport, notably motor and air travel, and clothing, while the largest price drops came from food.

The inflation rate has returned to the levels seen between October 2012 and March 2013 after slowing to 2.4 per cent in April.

CPIH, the new measure of consumer price inflation including owner occupiers’ housing costs, grew by 2.5 per cent in the year to May 2013, up from 2.2 per cent in April.

The ONS currently classifies CPIH as an experimental statistic. The slower growth in CPIH than CPI is due principally to owner occupiers’ housing costs increasing more slowly than other consumer goods and services.

Recommended

HMRC issues additional rebate tax guidance

HM Revenue & Customs has issued additional guidance about when tax is payable following questions over the tax treatment of rebates. HMRC ruled in March that tax would be payable on platform rebates from 6 April. In a guidance note, published yesterday, it confirmed payments from fund managers to life companies will not be taxable, […]

1

FTSE slumps 2% after Bernanke points to end of QE

The FTSE 100 has plunged by more than 2 per cent in early trading, joining other global markets in falling after Ben Bernanke said the Federal Reserve could start to slow quantitative easing later in the year. Speaking last night, the Fed’s chairman said it would be “appropriate to moderate the monthly pace of purchases later […]

3

Guide to Advice launches online financial website directory

Online financial services portal Guide to Advice has launched a directory for consumers seeking online financial information, guidance and advice. The free service is available through www.guidetoadvice.co.uk and will give consumers information about 110 financial services websites. The site contains critiques of online propositions and a scoring guide to help people decide if a particular […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com