European inflation

European inflation, Dec 2012: Eurostat

  • Euro area annual inflation was 2.2% in December 2012, the same as in November. A year earlier the rate was 2.7%. Monthly inflation was 0.4% in December 2012.
  • EU annual inflation was 2.3% in December 2012, down from 2.4% in November. A year earlier the rate was 3.0%.  Monthly inflation was 0.3% in December 2012.

Inflation

Consumer Price Indices, December 2012: ONS

  • The Consumer Prices Index (CPI) annual inflation stands at 2.7% in December 2012, unchanged for the third month in a row.
  • The largest upward pressure came from the price increases in gas and electricity bills
  • Air fares provided the largest downward pressure, with prices rising at a far slower rate than a year ago
  • The CPI stands at 125.0 in December 2012 based on 2005 = 100
  • The Retail Prices Index annual inflation stands at 3.1% in December 2012, up from 3.0% in November. Utility bill increases were the largest contributor to the rise
  • The RPI stands at 246.8 in December 2012 based on January 1987 = 100

economic position of households

The economic position of households, Q3 2012: ONS

  • Real household actual income per head increased by £21 (0.5 per cent) in the third quarter of 2012, compared with the second quarter of 2012, to its highest level since the fourth quarter of 2010
  • Real household actual expenditure per head was virtually unchanged falling by £9 (0.2 per cent) in the third quarter of 2012, compared with the second quarter of 2012
  • The household saving ratio increased by 0.3 percentage points to 7.7 per cent in the third quarter of 2012. Gross household saving was £21.2 billion in the same quarter, up from £20.3 billion in the second quarter of 2012