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Developed country inflation slows

Annual inflation in the Organisation for Economic Cooperation and Development (OECD) area continues to slow according to the latest OECD Consumer Price Index.

In the year to April 2009, consumer prices in the OECD area rose 0.6%, compared with a 0.9% rise in the year to April 2008. After a 0.3% rise in March 2009, the month-on-month rise in consumer prices in April slowed to 0.2%.

In Britain consumer prices rose by 2.3%, while in America consumer prices fell 0.7% over the year to April 2009. In Japan prices fell 0.1%, compared with a decline of 0.3% in the year to March 2009.


Call for more network input on product design

Networks should take a pro-active role in mortgage product design and put forward ideas to lenders, says Stroud & Swindon sales and marketing director Linda Will.Will says smaller lenders are more receptive to the ideas of networks. Mortgage Intelligence recently launched a 4.99 per cent 20-year fixed-rate deal with Stroud & Swindon’s ITL Mortgages, allowing […]

Indian funds star in May

The two strongest performing funds during May were both Indian equity offerings, which received a boost following the country’s recent elections, according to Lipper.


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