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Monthly Archives: December 2011

Inflation continues to fall

Consumer Price Index (CPI) inflation has fallen for the second month running to reach 4.8% in November, from 5.0% in October. There was also a fall in the Retail Prices Index (RPI), which includes mortgage interest payments, to 5.2% from 5.4%. Factors accounting for the fall in the rate of inflation include a slowdown in food and non-alcoholic drink prices, … Continue reading

Posted by Nigel Tree | Leave a comment

Record gap between rich and poor

The gap between rich and poor in OECD countries has reached its highest level for over 30 years, and governments must act quickly to tackle inequality, according to a new OECD report. “Divided We Stand: Why Inequality Keeps Rising” finds that the average income of the richest 10% is now about nine times that of the poorest 10 % across … Continue reading

Posted by Nigel Tree | Leave a comment

International trade growth grinding to a halt

Merchandise trade growth slowed strongly in most major economies in the third quarter of 2011, according to figures just published by the OECD. Total imports of G7 and BRICS countries contracted by 1% in the third quarter, compared to 4.2% growth in the previous quarter. Total export growth slowed to 1%, compared to 4.6% in the previous quarter. Merchandise trade … Continue reading

Posted by Nigel Tree | Leave a comment