Consumer Price Index drops after toy prices fall

Official measure of inflation fell to three per cent in Feb; slowdown driven mainly by decrease in toy and games prices.
Author:
Publish date:
Social count:
0
3969_mypictr_300x300.jpg

The Consumer Price Index saw a drop for the first time since September 2009 from 3.5 per cent to three per cent. This beat analysts' predictions of a fall to 3.1 per cent.

The Office for National Statistics said a decrease in average gas bills also helped the inflation levels to fall.

Retail price inflation was steady at 3.7 per cent.

The Ernst & Young ITEM Club predicted that inflation will near the two per cent target by the end of the year.

Related

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.