Inflation falls

Consumer Price Inflation, May 2014: ONS

  • The Consumer Prices Index (CPI) grew by 1.5% in the year to May 2014, down from 1.8% in April.
  • CPIH grew by 1.4% in the year to May 2014, down from 1.6% in April.
  • RPIJ grew by 1.7%, down from 1.8% in Apri
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Unemployment down

Labour Market Statistics, June 2014: ONS

  • The unemployment rate was 6.6% of the economically active population (those in work plus those seeking and available to work), down from 7.2% for November 2013 to January 2014 and down from 7.8% a year earlier.
  • There were 2.16 million unemployed people, 161,000 fewer than for November 2013 to January 2014 and 347,000 fewer than a year earlier
  • 72.9% of people aged from 16 to 64 were in work, up from 72.3% for November 2013 to January 2014 and up from 71.5% a year earlier. The latest figure of 72.9%, for February to April 2014, is 0.1 percentage point lower than before the downturn of 2008-09.
  • There were 30.54 million people in work, 345,000 more than for November 2013 to January 2014 and 780,000 more than a year earlier.
  • There were 8.82 million economically inactive people (those out of work but not seeking or available to work) aged from 16 to 64. This was 80,000 fewer than for November 2013 to January 2014 and 178,000 fewer than a year earlier.
  • 21.8% of people aged from 16 to 64 were economically inactive, down from 22.1% for November 2013 to January 2014 and down from 22.4% for a year earlier. The latest figure of 21.8%, for February to April 2014, is the lowest since 1990.