Tag: energy prices

• Wednesday, October 19th 2011 - 16:37 UTC

  UK Consumer inflation in September was 5.2%, the highest since 2008

  

  The rate of Consumer Prices Index (CPI) inflation in the UK matched its record high in September, rising to 5.2% from 4.5% the month before. An increase in energy costs was behind a large proportion of the rise.

• Wednesday, June 22nd 2011 - 23:36 UTC

  Fed admits it does not have a “precise read” of why US economy is slowing

  

  The Federal Reserve has cut its growth forecast for the US economy in the face of the impact of higher energy prices. It now estimates that the US economy will expand between 2.7% and 2.9% this year, down from its April forecast of 3.1% to 3.3%.