Office for National Statistics that the consumer price index or slow down mainly due to the energy and apparel prices fell, especially the promotion of the end of the major supermarkets and shops.
In addition, the well-known international accounting firm Ernst & Young, a research arm of independent financial economic models Association forecast released on the 16th, due to the impact of weaker demand for the euro area and other places as the UK's main export markets World Steel Pipe News , British exports will face greater pressure, it is estimated that in 2012 export growth of only 3%.
According to the latest data of the Office for National Statistics, United Kingdom in November 2011, import and export of goods deficit increased to 800 million pounds (about $ 1 World steel pipe network editing .2 billion), up to 8.6 billion pounds (about $ 12.9 billion), the expansion of the trade deficit is mainly due to export decline.
Developed by the Bank of England inflation target of 2%, but in the 47 months ended in December last year, the British 41-month consumer price index rose above this goal.
Reported that a long time, British companies to rely more on the euro area trading partners, but now they need to change the concept, need to adjust the business model has long been accustomed to opening up new markets.
In November last year, Britain's consumer price index rose 4.8 percent.
Reported that the ability to obtain a 3% growth depends on the ability of the market in the United Kingdom companies to develop outside the euro area, in particular, rapid economic development of countries such as India and Indonesia. Therefore, this research institutions experts called on British businesses in their efforts to develop new markets.
Ernst & Young believes that the development of the UK economy depends heavily on exports. 2011 GDP growth by 0.9 percentage point contribution from exports. Expected export growth this year will be 2012, the GDP contribution of 0.4 percentage points.
The data released by the Office for National Statistics on the 17th December 2011, the British consumer price index rose at an annual rate of 4.2 percent, the lowest inflation rate since June last year.