One in six families sold their second car in 2011

This is according to Bridgestone, the tyre maker, who surveyed 2,000 UK families. This was principally due to the continued rise in fuel prices, but was also influenced by insurance costs and the general rise in the cost of living. The survey also found that many more families may be forced to take similar action this year, with over 90% … Continue reading

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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

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OECD inflation reaches highest level for two and a half years

Consumer prices in the OECD area increased by 2.9% in the year to April 2011, compared with 2.7% in March – the highest rate since October 2008, according to figures released in the last half an hour.  The rise was mainly due to the rate of increase in energy prices which grew by 13.8% in April, compared with 12.4% in … Continue reading

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