Share Prices & Company Research

Press Release

13 February 2018

Inflation steady as leisure attractions offset lower fuel price rises

Inflation figures released today held steady at 3% for CPI and 4% for RPI during January.
Naeem Siddique, investment manager at Redmayne Bentley, said: “Expectations of a fall in inflation did not materialise, as entry to leisure attractions offset a lower rise in fuels compared to a year ago. 
“Food prices fell between December 2017 and January 2018, with the largest fall coming from meat prices. Utility prices, which fell over 2015 and most of 2016, have reversed course and are adding to the rate of inflation. This reflects the wider increase in energy prices. Sterling’s appreciation since late August has helped stymie some of the price rises at the petrol pumps, but the fragility around Brexit could quickly unwind the gains in the currency.
“The Bank of England recently spoke of interest rate rises to tame emerging inflation, which could emanate from rising wages as the labour market tightens.”
Inflation steady as leisure attractions offset lower fuel price rises

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