Soaring oil prices has helped pump inflation in Britain up to 2.5 percent in September, the highest rate since 1997, according to official figures issued on Tuesday. The Office for National Statistics (ONS) said consumer price inflation (CPI) rose from 2.4 percent in August to 2.5 percent in September, the third month in a row that inflation has been above the target of 2 percent set by the Bank of England, Britain's central bank. Fuels and lubricants had contributed 0.14 percent point to the overall rise in CPI as average prices for ultralow sulphur petrol rose 4.6 pence per litre in September, compared with a rise of just 0.1 pence a year ago, the ONS said. But annual growth in the Retail Price Index, on which most pay deals are based, eased to 2.7 percent in September from 2.8 percent the month before, as the effect of petrol costs was slightly offset by, among other things, falling footwear and clothing prices. Policy makers said the latest inflation figure is below the level of 2.7 percent they had expected, predicting that inflation would remain above the 2 percent target in the next few months. In its quarterly inflation report in August the Bank of England predicated CPI inflation would rise above the government's 2 percent target in the short term but it would then ease off before once again gathering strength and passing the 2 percent level at the end of its two-year forecast period.
Source: xinhua
- CBCSD and Members Participated and Suggested on the Project for Technical Regulation on Low-carbon Pilot Community
- CBCSD and Members Participated in the APEC Cooperation Network Construction Forum of Green Supply Chain
- Calculation Method of CO2 Emissions in Petroleum and Natural Gas Exploitation Enterprises & Calculation Method of CO2 Emissions in Water Network of Chemical Enterprises
- CBCSD Attended the Workshop for Environmental Protection and Sustainable Development and Delivered Introductions
- WBCSD: Tackling the Challenge, How to Make Informed Choices on Forest Product?
- The National New-Type Urbanization Plan Released, Board Members of CBCSD Help the Sustainable Development of Cities
- Board members of CBCSD Actively Participated in the Carbon Trading and International Climate Change Process
- Two industrial Standards Compiled by CBCSD Passed Examination
- Widespread Use of the Achievements Businesses Energy Saving and Greenhouse Gas Management
- CBCSD held Chemical industry enterprise value chain (range 3) greenhouse gas emissions, accounting and reporting guidelines