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Indonesian inflation accelerates to 5.90% in March

April 1, 2013 03:15
Indonesian inflation accelerated to 5.90 percent year-on-year in March, surpassing the upper limit of the central bank's target range due to an increase in food prices, official data showed Monday. The rise in the consumer price index was well above the bank's target range of 3.5 to 5.5 percent for this year, and quicker than the 5.31 percent recorded in February. The statistics office said the increase was driven by surging food prices after the government introduced measures several months ago to limit imports of some products.

British inflation climbs to 2.8% in February

March 19, 2013 06:31
British 12-month inflation rose to 2.8 percent in February on the back of rising domestic energy costs and transport prices, official data showed on Tuesday. "The Consumer Prices Index (CPI) annual inflation grew by 2.8 percent in February 2013, up from 2.7 percent in January," the Office for National Statistics (ONS) said in a statement. "The change in the rate follows four consecutive months when it stood at 2.7 percent." The Bank of England's government-set target rate meanwhile stands at 2.0 percent.

Intimidating debt collectors push Britons to suicide - report

January 22, 2013 20:30
By Costas Pitas LONDON, Jan 22 (Reuters) - Irresponsible lending and intimidating debt collectors are pushing thousands of people in Britain into depression and suicide, a report said on Wednesday and separate data showed more people are taking their own lives. Many people already struggling with the economic slowdown, wage freezes and benefit cuts were often overwhelmed by tactics used by some money lenders, including persistent phone calls and threatening letters, said the paper.

UK firms' pension deficit to rise after inflation verdict

January 17, 2013 09:15
By Sarah Mortimer LONDON, Jan 17 (Reuters) - Top British firm's pension scheme liabilities will rise about 20 billion pounds ($32 billion) after a decision not to alter how the country's oldest measure of inflation is calculated, consultant Mercer said. Mercer said on Thursday the news had led to a rise in the cost of inflation swaps - the financial tools that are used to hedge pension risk.

UPDATE 2-UK statisticians unexpectedly reject inflation change

January 10, 2013 11:01
* UK stats office rejects major change to RPI inflation * Decision helps pensioners; index-linked gilts soar * Economists had seen strong statistical case for reform By David Milliken and Olesya Dmitracova LONDON, Jan 10 (Reuters) - Britain's top statistician unexpectedly decided against major changes to the country's longest-running inflation index on Thursday, rejecting a move that could have significantly cut government borrowing costs.

Pension funds disappointed by UK decision on inflation index

January 10, 2013 11:00
By Sarah Mortimer LONDON, Jan 10 (Reuters) - Workplace pension funds hoping for a respite in tackling soaring deficits were disappointed by a government decision on Thursday not to reduce the country's official inflation rate. The Office of National Statistics (ONS) opted against a widely anticipated change to the long-standing Retail Price Index (RPI), which is used to calculate workplace pension payouts to the retired.

CORRECTED-UPDATE 1-UK statisticians unexpectedly reject inflation change

January 10, 2013 04:30
(Corrects lead to show stats body rejected change) By David Milliken and Olesya Dmitracova LONDON, Jan 10 (Reuters) - Britain's top statistician unexpectedly decided against major changes to the country's longest-running inflation index on Thursday, rejecting a move that could have significantly cut government borrowing costs.
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