Arab Today, arab today rising computer game prices lift uk inflation
Last Updated : GMT 10:15:39
Arab Today, arab today
Arab Today, arab today

Rising computer game prices lift UK inflation

Arab Today, arab today

Arab Today, arab today Rising computer game prices lift UK inflation

UK inflation
London - AFP

The rising cost of computer games in the run-up to Christmas helped to push up British inflation during October, official data showed on Tuesday.
The 12-month Consumer Price Index (CPI) rate accelerated to 1.3 percent in October from a five-year low of 1.2 percent in September, the Office for National Statistics (ONS) said in a statement.
"Smaller falls in transport costs than a year ago -- notably for motor fuels and air fares -- and price rises for computer games were the main contributors to the rise in the rate of inflation," the ONS said.
Analyst expectations had been for the annual rate to remain at 1.2 percent in October, according to a survey by Dow Jones Newswires.
The statistics office added that the October rate would have been 0.3 percentage points higher, had it not been for falling food and petrol prices.
"Consumer price inflation edged up in October primarily because petrol prices fell even more in October 2013 than they did this October," said economist Howard Archer at the IHS Global Insight consultancy.
"There was also a rise in the price for some computer games."
He added: "They were specifically highlighted by the ONS as having some upward impact due to a number of new titles being released in the run-up to Christmas and replacing cheaper titles in the computer games charts."
Meanwhile last week, the Bank of England forecast that it expected the 12-month CPI rate to drop below 1.0 percent during the next six months.
The central bank also trimmed Britain's economic growth and inflation forecasts, indicating a long wait for a rise in interest rates.
Gross domestic product, or economic output, is now forecast to expand 2.9 percent next year, down from a previous estimate of 3.0 percent owing to economic strains in the neighbouring eurozone.
Analysts said the central bank was unlikely to raise its record-low interest rate of 0.50 percent until late 2015.
The BoE's main task is to use monetary policy as a tool to keep annual inflation close to a government-set target of 2.0 percent.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rising computer game prices lift uk inflation Arab Today, arab today rising computer game prices lift uk inflation

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom, China plunges into snow biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom, China plunges into snow biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday