Our index of key items being bought by households in recent months in preparation for and during the so-called lockdown has risen by much more than the overall CPI inflation rate.Continue reading
While the media headlines continue to focus on the ongoing political turbulence, today’s inflation figures signal that the headwinds facing the consumer are intensifying. Continue reading
Today we release the annual Ulster Bank Ulster Fry Index. It shows that the price of items making up a cooked breakfast have increased by 2.8 percent in the last 12 months, based on the Consumer Prices Index (CPI). Continue reading
The annual rate of UK CPI inflation remained unchanged in March at 2.3%. However, this headline conceals different trends within goods and services. Continue reading
We’re still well off letter-writing territory, but inflation saw a significant jump from 1.8% year-on-year in January to 2.3% last month. This is the highest rate of inflation since September 2013 and marks the arrival of the consumer price rises that the Ulster Bank NI PMI has been flagging for some months. The main driver is the acceleration in the price of consumer goods – everything from new cars to newspapers – where inflation was virtually non-existent just four months ago. Continue reading
For the last two years or so, UK households have been in the midst of what has been dubbed a consumer sweet spot – low inflation aided by a sustained period of falling food, fuel and petrol prices. But times are changing. The significant fall in the value of the pound has started to fuel import price inflation – while exporters benefit from a weak pound, it is worth remembering we import more than we export. But it will be well into 2017 before we see the main impact of sterling’s depreciation on consumer prices. Continue reading
The festive season is the time of the year when consumers perhaps feel under most pressure to spend. And this Christmas, they might be more inclined to do so, as 2015 has been the best year for household finances since 2008.