All inflation articles – Page 4
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CommentConstruction folk take more than a fair share of pain as prices rise and pay falls
Since November 2007 construction wages have dropped by 1.1% compared to a 5% rise across the economy
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CommentWarning signs over construction cost inflation
Firms underpricing work now will be hit by rising costs later in the year
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CommentInflation: a reason to be cheerful or a cause for concern?
What’s driving the 3.2% inflation rate and does it matter for construction?
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The problem with surprises on inflation
Could it be that we are about to witness the beginnings of widening concerns over rising inflation?The Consumer Prices Index “surprise” jump to 3.7% yesterday will certainly increase rumblings in the markets and elsewhere.Although for the time being I suspect attention will be more focused on June 22 and ...
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The big question for Mr Shapps
I would like to be among those welcoming Grant Shapps to his new role as housing minister and wishing him well. I must admit I have not been particularly kind to his ideas to date. It’s my job to be critical I guess.But for the record I do have a ...
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Latest construction forecasts suggest there is more to fear than hope for
The latest round of forecasting by construction experts paints a picture little changed from three months ago with little hope of significant growth, much uncertainty and the risks to growth heavily weighted on the down side.The general pattern they expect can be seen from the graph (right).It shows that after ...
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Joy deferred as CIPS shows construction activity grows for first time in two years
So the construction activity indicator produced by the buyers’ body CIPS finally points to growth after two years of measuring falling workloads. But this seemingly uplifting moment appears to have brought little joy.The March figure popped its head above the 50 no-change mark on the back of rising activity in ...
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More home sellers, fewer home letters - a housing market in flux
How should we read yesterday’s Rightmove figures showing the slowest ever March pick up in asking prices?They appear to be consistent with much of what else we are seeing in the market – a growing body of evidence that the recent bounce back in the housing market is faltering (see ...
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Was it just the cold or is it a relapse?
There are plenty of people, “experts” indeed, who fully expect a double-dip recession for both the economy and, for that matter, house prices.For them the data emerging for January’s performance appears to be, albeit gently, vindicating their position. They will no doubt seize with alacrity the retail figures from the ...
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Reasons to be careful – December’s higher than expected inflation
Consumer Price Inflation at 2.9% in December and up from 1.9% a month earlier... mmm... that’s not what the experts expected. Not by a long way.This morning’s story from Reuters published ahead of the inflation figures had its poll of experts plumping for inflation at 2.6%.No doubt there will be ...
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The cruelty of breeding force-fed first-time buyers
Here's a question that goes right to the heart of current housing policy: Should we be using incentives as readily as we are to encourage first-time buyers onto the property ladder?However iconoclastic or contrary this question may seem, it needs to be asked. There is so much at stake.Promoting first-time ...
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Are expectations of inflation too low?
Inflation is now on the way up. That was to be expected. As Mervyn King, Governor of the Bank of England, keeps reminding us, we should expect inflation to be very volatile for some while.But, is it me or do the forecasts for inflation reaching a mini-peak at about 3% ...
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Is this deflation I see before me? Why prices are rising faster than the inflation rate
I am not sure about you, but I sometimes have to go to the back numbers to make sense of the statistics that get thrown at me.I have been for some months a bit curious as to why the brightest brains (well some seriously well paid experts) among the UK ...
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UAE construction tenders to fall up to 15%
Last week, we published our latest forecast for UK tender price inflation, in which we predict tender prices to decline by a further 6-9% this year and another 3-5% in 2010, due to increased competition as jobs complete and contractors chase a dwindling supply of work, as well as lower ...
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A 25% jump in house prices - is that scientific or finger licking bad
I can tell you the price of a house in 2020. I'll even let you into the secret of how I do it. What I do is lick my finger and stick it into the wind. Works every time, especially on those with no memory and little understanding, and I ...
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House price falls - but not 'alf
The Guardian yesterday reported that traders were pricing in a 50% drop in house prices over the next four years. Firstly and personally, I think prices may fall quite deeply. But I don't think they will drop by 50% in "real" terms, unless the economy takes a pretty freaky turn ...
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