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Inflation figures to stay where they are for some time

by - Economics Editor

Energy prices used to get the blame for pushing up inflation but not this month.

Small rises from some energy companies were cancelled out by the removal of green taxes.

Read: Fuel bill cuts after Government pledge

Looking at the detail of the components of inflation usually gives some insight in which way the wind is blowing but this month things look to have ground to a halt.

Lines of electricity
Prices have fallen for unusual things, whilst upward pressure came from items such as baby wipes and toothbrushes. Credit: Reuters

Prices have fallen for peculiar things like "cultural events" - winter prices are lower at some attractions ­and DVDs.

Upward pressure came from baby wipes and toothbrushes. I¹m not making this up.

Reading the runes in that mix would be very hard except perhaps the very lack of direction tells us that inflation will stay where it is for some time.

More: Puzzling good inflation fall good news for borrowers

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Alexander: The long term economic plan is working

Chief Secretary to the Treasury Danny Alexander has said that today's inflation figures are evidence the long term economic plan "is working."

Inflation falling below 2% for the first time since November 2009 is further evidence that our long term economic plan is working. Controlling inflation and rebuilding our economy are the only sustainable ways to secure living standards for the future.

– Danny Alexander

House prices rose by 5.5% in the year to December

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UK House prices grew 5.5% in the year to December, up from 5.4% last month http://t.co/GHd6tRacQj #inflation

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House prices grew 5.7% in England, 4.8% in Wales, 0.5% in Scotland & 4.8% in N.Ireland http://t.co/vNlZU0qtOI #inflation

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Media studies graduates 'receive lowest average wage'

The Office for National Statistics (ONS) has revealed media and information studies graduates have the second highest employment rate but the receive the lowest average salary.

Graph showing employment rate by main subject of undergraduate degree.
Employment rate by main subject of undergraduate degree. Credit: Twitter/@ONS

Those with a degree in medicine top both lists, with the figures showing those graduates have an average salary of £46,000 per year.

Graph showing average gross annual wage by main subject of undergraduate degree.
Average gross annual wage by main subject of undergraduate degree. Credit: Twitter/@ONS

Graduates with a degree in media and information studies come bottom, with an average salary of £21,000.

Graph showing graduates employed in non-graduate roles from April-June 2001 to April-June 2013.
Graduates employed in non-graduate roles from April-June 2001 to April-June 2013. Credit: Twitter/@ONS

The ONS also said that this year 47% of employed recent graduates are in non-graduate jobs - up from 37% in 2001.

Number of civil partnerships reach 60,000 in UK

More than 60,000 civil partnerships have been formed in the UK since the legislation was introduced in 2005.

The number of civil partnerships rose by 3.6 per cent to 7,037 in the UK last year, figures from the Office for National Statistics show.

The average age of men forming a civil partnership in 2012 was 40, while for women the average age was 37.6.

The number of civil partnership dissolutions granted in England and Wales in 2012 also rose by 20 per cent.

The figures have been released after legislation introducing same-sex marriages in England and Wales received royal assent from the Queen in July, in spite of opposition from many Conservative backbenchers and religious groups.

Record number of 100-year-olds as Britons live longer

The number of 100-year-olds has increased five-fold in 30 years Credit: PA

The number of people reaching their century has increased five-fold in the last 30 years, new figures show.

The Queen sent birthday cards to 12,320 centenarians in England and Wales last year – compared to just 2,420 in 1981, according to the Office for National Statistics, the Daily Express reports.

It estimated 465,500 people were aged 90 or above in 2012 – an increase of 33 per cent on 10 years ago – and that while the gap is narrowing, women can now expect to live for 82.6 years on average compared with 78.7 years for men.

However, the figures show 10,540 women have passed their 100th birthday compared to 1,780 men.

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