UK Trends Flashcards
1
Q
UK Inflation Rate (CPI)
A
Cost-push inflation in early 2010s due to Australian floods in 2009 wiping out 90% of wheat (used to feed livestock), + Crude Oil reaching 150$ per barrel after financial crisis.
3.3% 2010, 4.5% 2011, 1.5% in 2014 (below Gov. target of 2%), Just above 0% by 2015. 0.7% increase as of Feb 2021.
2
Q
Crude OIl
A
Around 80$ per barrel pre-financial crisis, during 2008-9 it rose to 150$, causing cost-push inflation
3
Q
UK Interest Rates
A
0.1%
4
Q
UK Unemployment Rate
A
5% as of Jan 2021
5
Q
UK GDP per capita
A
$42k as of 2019
6
Q
2019-20 Budget Deficit
A
-£14bn
7
Q
UK Current Account Deficit
A
£21.1bn in 2020 Q1
