Mining Rough Diamond Markets Polished Diamond Markets Manufacturing Retail Financial - Legal Research Marketing Technology Gemstones Fair Trade Covid-19 News

CAMPBELL COYLE GEMS LTD
MAYFAIR
LONDON

Home Diamonds Investment Bullion About Contact Newsletter
Home

Sitemap

Privacy Statement

Contact Us

Diamond Investment Guide

Bullion Investment Guide


4 C’s of Diamond Grading

Diamond Cut

Diamond Colour Grading System

Diamond Clarity

Diamond Carat Weight

Loose Diamonds

Pink Diamonds

Blue Diamonds

Yellow Diamonds

Red Diamonds

Rough Diamonds

Diamond Certification

Tender Platforms

Diamond Mining

Diamond Tour

Krugerrand

Britannia

Sovereign Coins

Bullion Bars

Live Bullion Prices

About Us

Newsletter

Documentation

Contact Us

Image Resource Library

Video Resource Library


Diamonds



Investment



Bullion



Others



Media



London Office

Dubai Office


Booking An Appointment



UK INFLATION TUMBLES TO 0.8% AMID COVID-19 DISCOUNTING AND CHEAPER ENERGY

Britain’s inflation rate has fallen to its lowest rate in over three and a half years last month, due to a drop in energy prices and discounting by shops desperate to sell stock during the Covid-19 lockdown.

The Consumer Price Index plunged to just 0.8% year-on-year in April, the Office for National Statistics reports, down from 1.5% per year in March.

That’s its lowest rate since August 2016.

In April alone, prices fell by 0.2%, bringing some relief to struggling households and firms.

Cheaper energy bills and petrol prices has a downward impact on the cost of living.

That’s due to falling crude prices as the coronavirus outbreak hits demand, and the cap on UK energy bills. Gas prices, for example, fell by 3.5%.

The ONS says:

Rising prices for recreational goods resulted in a partially offsetting upward contribution to change.

Discounting was also a factor -- with clothes prices dropping last month during the lockdown:

The ONS explains:

For garments, prices overall fell by 2.3% between March and April 2020 compared with a small increase of 0.4% a year ago. There were a greater number of items recorded as being discounted this year, when compared with April 2019, with reductions across a range of women’s and men’s clothing items.

The larger number of items recorded as being on sale could reflect retailers’ efforts to encourage online purchases or potential difficulties as a result of the current economic situation.

- Article  Courtesy Of The Guardian - Find It Here