Inflation by Helen Snider https://padlet.com/helen_snider/2br889luz91a Realizzato con un fulmine di genio en-us 2017-05-15 14:18:37 UTC 2017-05-18 17:16:55 UTC hello@padlet.com What is Inflation helen_snider https://padlet.com/helen_snider/2br889luz91a/wish/171850455 2017-05-15 14:35:08 UTC https://padlet.com/helen_snider/2br889luz91a/wish/171850455 How is it measured? helen_snider https://padlet.com/helen_snider/2br889luz91a/wish/171850557 2017-05-15 14:35:25 UTC https://padlet.com/helen_snider/2br889luz91a/wish/171850557 What has happened to inflation since June 2016? helen_snider https://padlet.com/helen_snider/2br889luz91a/wish/171850969 2017-05-15 14:36:22 UTC https://padlet.com/helen_snider/2br889luz91a/wish/171850969 Analyse the reasons behind the changes in the inflation rate helen_snider https://padlet.com/helen_snider/2br889luz91a/wish/171851181 2017-05-15 14:36:59 UTC https://padlet.com/helen_snider/2br889luz91a/wish/171851181 What are the predictions for inflation in 2017? helen_snider https://padlet.com/helen_snider/2br889luz91a/wish/171851266 2017-05-15 14:37:16 UTC https://padlet.com/helen_snider/2br889luz91a/wish/171851266 Analyse the reasons for the 2017 levels of inflation helen_snider https://padlet.com/helen_snider/2br889luz91a/wish/171851956 |]]> 2017-05-15 14:39:21 UTC https://padlet.com/helen_snider/2br889luz91a/wish/171851956 Summary/Analysis/Evaluation helen_snider https://padlet.com/helen_snider/2br889luz91a/wish/172055096 IF prices rise, staff will want wage increases leading to futher inflation   SOURCE]]> 2017-05-16 11:31:34 UTC https://padlet.com/helen_snider/2br889luz91a/wish/172055096 Single Market? helen_snider https://padlet.com/helen_snider/2br889luz91a/wish/172538401 2017-05-18 10:41:08 UTC https://padlet.com/helen_snider/2br889luz91a/wish/172538401 What is Inflation - Inflation is the rate of increases in prices of goods and services within the UK, in more detail the consumer price inflation is the UK rate of the prices of bought goods / services by consumers/ households in a period of time https://padlet.com/helen_snider/2br889luz91a/wish/172626202
Source: BBC Website, 2 December 2014
http://www.bbc.co.uk/news/business-12196322

]]> 2017-05-18 16:08:32 UTC https://padlet.com/helen_snider/2br889luz91a/wish/172626202 How is it measured? https://padlet.com/helen_snider/2br889luz91a/wish/172627280 The Inflation is measured by using 3 different types of measurements.  These are CPI (Consumer Price Inflation), CPIH (measure of owner occupiers' housing costs), (not currently a National Statistic) 
 and RPI (Retail Price Index).  
To measure the increased inflation rate, you would need to obtain the CPI rate of that year example (2012, 93.2) and the CPI of the previous year (2011, 90.5) the calculations to work out the inflation rate would be as follows: 2012, 93.2 subtract 2011, 90.5 = 2.7%, then 2.7% divide by the earliest date CPI (90.5) x by 100 = 2.98% inflation. 
Source, NOS, 2017 https://www.ons.gov.uk/
]]> 2017-05-18 16:12:47 UTC https://padlet.com/helen_snider/2br889luz91a/wish/172627280 What has happened to inflation since June 2016? https://padlet.com/helen_snider/2br889luz91a/wish/172632389 The standard increase of inflation is between 0% - 2%.

In June 2016, the UK voted to leave the EU.  Since the vote to leave the EU our inflation rate has slowly increased.
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/latest

October onwards:

“UK inflation fell back slightly in October to 0.9% - which was a surprise to market expectations of a further increase due to the weakness of sterling. Food prices fell compared with last month, and this offset rises elsewhere, including higher fuel prices. Though the pound has fallen very sharply, it is taking some time for this to feed through into prices in the shops and online.

“But this respite for consumers will be short-lived. In the months ahead and next year, we should still see a significant increase in inflation reflecting higher import costs for manufacturers and retailers. The latest PwC projections - published today - suggest that CPI inflation should be between 2.5 and 3% by the end of next year, much in line with the Bank of England's latest forecast

https://www.pwc.co.uk/who-we-are/regional-sites/yorkshire-north-east/press-releases/uk-inflation--october-2016---pwc-comments.html

More recently, the the inflation rate has increased dramatically, March 2017 it was at 2.3% and in April it was 2.6% which means the increase of 0.3% within a month.
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/latest

]]> 2017-05-18 16:31:47 UTC https://padlet.com/helen_snider/2br889luz91a/wish/172632389 Analyse the reasons behind the changes in the inflation rate? https://padlet.com/helen_snider/2br889luz91a/wish/172638144
BBC states that one of the main causes of the inflation rate to increase recently is due to higher air fares which rose (18.6% from the month before) because of the later date of Easter this year compared to last year.  Also the rising of clothing, vechicle excise duty, and utilities also played a big part in the increase.

Due to late Easter 

Petrol - price rose in August onwards due to fall in £ against $ which petrol is priced in 
Rise in petgrol puts up prices of everything else


BBC Website]]> 2017-05-18 16:54:59 UTC https://padlet.com/helen_snider/2br889luz91a/wish/172638144 What are the predictions for inflation in 2017? https://padlet.com/helen_snider/2br889luz91a/wish/172639885 It is predicted that by the end of Q4 the inflation rate would have risen to 2.9%.

http://www.tradingeconomics.com/united-kingdom/inflation-cpi/forecast]]> 2017-05-18 17:00:44 UTC https://padlet.com/helen_snider/2br889luz91a/wish/172639885 What is single Market https://padlet.com/helen_snider/2br889luz91a/wish/172642406 Single market rules require the free movement from one EU member country to another of goods, people, services and capital (the so-called ‘four freedoms’).
Those rules take two forms.
First, they remove barriers to trade.
Second, they harmonise, or unify, national rules at EU level.
https://fullfact.org/europe/what-single-market/
]]> 2017-05-18 17:09:33 UTC https://padlet.com/helen_snider/2br889luz91a/wish/172642406