Our team invests both time and their high levels of expertise into forensically assessing your business before working with you to pursue an appeal. Our industry leading success rates attest to our expertise in this area. Contact Eddisons on for immediate advice concerning your commercial property needs. Date 14th May Latest News All. What do the experts say? So why doesn't the government kill RPI? Personal Finance Economy. Why the UK is suffering a Walkers crisps shortage.
The latest on. Interest rates: why the long era of ever-cheaper finance is finally over. Fact file. Popular articles. What do the different coloured poppies mean? The most extreme weather events of A previous GAD explanatory note provides more detail. Essentially, price inflation refers to the increase in the price of goods and services over time and the measures differ by looking at:. Figure 1 also highlights that the pandemic caused a sharp drop in all 3 measures of inflation from March to March This fall is largely driven by impact on housing, restaurants, and hotels, as well as transport industries shown below in figure 2.
As these industries were hit, prices within the sector fell notably in August for hotels and restaurants as they tempt customers back , causing the sectors to contribute less to the overall CPIH figure. These industries suffered during the lockdown as they were heavily impacted by the lockdown measures, however the recreation and culture industry was resilient across the sector. While the number of holidays and trips out went down, other areas of recreation such as gardening and audiovisual devices saw an increase in prices as consumers shifted their forms of recreation.
Following targeted policies and the easing of lockdown measures, the housing, restaurants and hotels, and transport sectors rapidly started to increase in price as consumer demand rose. RPI has been dropped as an official national statistic, due to the shortcomings of the current approach. However, due to largely historic reasons, it is still used across government.
This news has been met with mixed reactions as there are perceived winners and losers resulting from this decision, as CPIH is expected to be lower than RPI on average. The UK after the pandemic: the outlook for smaller companies.
The one thing that can pop the house price bubble. Three British growth stocks that are ready to boom. Skip to Content Skip to Footer. Merryn's Blog Home Economy Inflation. Inflation UK Economy. Central banks may keep telling us that inflation is transitory, but the reality is that we're in for a period of structurally higher inflation.
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