*NEWS*PRINTER SUPPLIES PUSH UK INFLATION

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*NEWS*PRINTER SUPPLIES PUSH UK INFLATION

 user 2006-04-17 at 10:19:00 am Views: 59
  • #15062

    Computer games and printer supplies push UK inflation
    Consumer price index rise blamed on technology

    Prices
    in the UK are being driven up by recent hikes in the cost of computer
    hardware and software, according to figures released by the Office of
    National Statistics (ONS).Consumer Price Index (CPI) annual inflation,
    the government’s target measure, rose to two per cent in February, and
    the ONS reported that a key driver for this was price increases in
    computer games and printer supplies.The ONS reported that last year’s
    discounting of printer paper has led to a rise in price this year,
    which also boosted the CPI.”Retail price inflation was unchanged in
    February, remaining at 2.4 per cent, and was influenced by many similar
    factors to those that affected the CPI,” said the government report.”In
    addition, a small upward pressure came from housing costs that are
    excluded from the CPI.”But technology is not the sole culprit. Prices
    of books and magazines also rose, as did the cost of furniture,
    household equipment and routine maintenance.As an internationally
    comparable measure of inflation, the CPI shows that the UK’s inflation
    rate is slightly below the average for the European Union as a
    whole.The provisional inflation rate for the enlarged EU 25 in February
    was 2.2 per cent, compared with the UK figure for the same month of two
    per cent.