UK inflation continues to fall

The Consumer Prices Index (CPI) fell to 3.4% in February, from 3.6% the month before, according to the Office for National Statistics. This means that inflation has been on a downward path since September last year, and has fallen to its lowest rate since November 2010. The recent trend can be seen in the Figure below. RPI and CPI Percentage … Continue reading

Posted by Nigel Tree | Comments Off on UK inflation continues to fall

Is Opec falling apart?

The Organisation of Petroleum Exporting Countries is a cartel of 12 oil producing countries and has been in operation for the past fifty years. Yesterday its members met in Vienna, ostensibly to agree to raise production levels in order to put supply more in line with current demand levels, and so lower prices. However, there appears to have been something … Continue reading

Posted by Nigel Tree | Comments Off on Is Opec falling apart?

Will the rise in the oil price continue?

According to the Organisation of Petroleum Exporting Countries (OPEC) the answer is “yes”.  After prices fell last year from $150 a barrel to $30 a barrel, there has been a recovery. Yesterday, oil prices rose above $65 a barrel and the secretary-general of OPEC said that “We are beginning to see light at the end of the tunnel.” The organisation … Continue reading

Posted by Nigel Tree | Comments Off on Will the rise in the oil price continue?