PWC: United Kingdom poor hardest hit by inflation _Value magazine

Transfers from the 2008 11 July FT Chinese network author: United Kingdom financial times economic editors Chris • Giles (ChrisGiles) reported accounting firm PricewaterhouseCoopers (PwC) recently said, the United Kingdom may claim for the middle class of inflation, the misleading because the company's research shows that rising food, fuel and energy prices on the poorest people in the hardest hit. PricewaterhouseCoopers study on a representative sample of households billing, not a few samples. Studies show that in the month of may, one-tenth of the poorest families facing 4% of the average consumer price inflation and income than their high family only 3.1%. This analysis makes use of the official annual household income and expenditure survey data — the expenditure and food survey (Expenditure and Food Survey). PWC's John Hawke Ainsworth (JohnHawksworth) indicated that, because inflation is concentrated mainly in the food, fuel and energy sector, the research results do not have any doubt, because the "energy and food bills in the poorest households budget of much more than important." The discovery and recent studies contradict, those studies show that the so-called middle class families are typical or blow to the maximum. Accounting firm Ernst & young (Ernst & Young) earlier this week issued a report that the situation of the ordinary family United Kingdom more than 5 years ago, the deterioration of 15%, although in this period, income and expenses can be free to grow faster than inflation. Hawke Ainsworth says that such a measure is not representative: "almost any digital you can create it, as long as you elect specific family type, and then trumped such family of typical data. "Capital economy (CapitalEconomics) Jonathan • pabillonis (JonathanLoynes) agrees with PWC's view that the prices on the poor hardest. He has recently said that middle class families may face 6.7% for. But his individual inflation level different families as an example, the differences on inflation experience. Poorer families not only budget faces upward pressure on inflation rate, their income growth rate less than middle class families. This resulted in last month's official data in poverty rates of increase. Although inflation on the United Kingdom the influence of various family is still warm debate, but economists have no doubt that the entire distribution chain for all the family's financial situation encountered strong pressure. United Kingdom Bank (Bank ofEngland) monetary policy Committee of the 10th session of interest rate decision, the official consumer price inflation data to Outlook. If these data show that the overall inflation rate again rose sharply, about monetary policy Committee decision factors, you are more likely to be on inflation will seep into the community of fear, rather than economic slowdown. Translator/Dong Qin