Daily Management Review

Living Cost In The UK Has Eased Out


02/17/2016


The price drop in various markets has led to the decrease in living cost in the United Kingdom.



The beginning of the 2016 brings good news to the UK dwellers as the cost of living in the United Kingdom has just come down further. The said decrease is the result of the price decline in footwear, clothing along with the price drop in household equipments and furniture.
 
The price index of consumer came crumbling down by “0.8%” in the month of January on month to month basis, while the year to year index gained “0.3%”, reported the “Office for National Statistics”.
 
However, according to the expectation of the economists, the fall was forecasted at “0.7%” on the month scale as oppose to a rise of “0.3%” on the yearly index.
 
Comparing the monthly movement ratio, the biggest fall came about in the clothing and footwear sectors which fell by “(-3.1%)”, while the transport and household equipment market dropped by “(-2.0%)” and “(-2.5%)” respectively.
 
The Digitallook also informs that:
“Core-inflation, defined as the CPI minus energy, food, and alcoholic beverages fell by 1.0% over the month, with the year-on-year rate of increase sliding from 1.4% to 1.2%”.







References:
http://www.digitallook.com/
 







Science & Technology

Smartphone makers will pay for pre-installing Google apps‍

Five loudest data leaks

Airbus announces Moon exploration competition

Former Head Of Google China Thinks Funding In AI Should Be Doubled By US

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

Fuchsia will kill Android by 2023: Top 5 facts about the new OS

New Study Finds Goats Interact More With Happy People

More than 32 thousand "smart" houses under threat of hacker attack

Internet addiction and children: Global plague

World Politics

World & Politics

Cyprus Cobalt Air stopped flights

Transparency International: Europe should stop selling citizenships

Turkey: We are not going to discuss borrowing from IMF anymore

Trump in your mobile phone: US is going to test Presidential Alert system

European automakers warn of consequences of tight emission controls

IATA: EU-UK flights can be cancelled due to Brexit disagreements

Ex-Brexit Minister Said A ‘Reset’ Is Needed For Brexit Talks

10 countries with the best healthcare systems