12 charts that tell you everything you need to know about the world of…

Image copyright AFP Image caption From the European Central Bank to Bank of England , economy is a cash cow From records of inflation to equity market data, these charts tell you everything you…

12 charts that tell you everything you need to know about the world of...

Image copyright AFP Image caption From the European Central Bank to Bank of England , economy is a cash cow

From records of inflation to equity market data, these charts tell you everything you need to know about the economy.

1. The rate of inflation across the eurozone stood at 1.7% in October, the European Central Bank said.

That compares with 1.2% in September and 1.7% in October last year.

2. The Bank of England also announced the latest interest rate decision.

It was keeping rates at 0.75% and sticking to its forecasts that interest rates will go up in the second half of next year.

3. Wages grew by 3.2% in the three months to September, the Office for National Statistics said.

That compared with 3.0% in the three months to June and 2.7% in the three months to July.

4. October was the ninth month in a row that inflation – which looks at what people pay for goods and services – has been above average.

That means, although economic growth slowed in the third quarter of this year, there are little signs of a slowdown in the future.

5. The gap between the price of a TV and that of a new washing machine is in danger of becoming a new problem for policymakers.

Inflation hit a 10-year high of 5.5% in June. The Office for National Statistics said the gap between the price of TVs and that of new washing machines was 4.2% in October.

6. Britain’s unemployment rate dipped to 4.3% in the three months to August, the Office for National Statistics said.

That was down from 4.4% in July and 4.5% in the year to July, and below economists’ forecasts.

7. In the three months to August, Britain’s economy grew by 0.4%, the data showed. That was similar to the rate of expansion seen in the previous three months.

8. Retail sales grew by 1.1% in September, a fraction better than the 0.9% predicted.

The figures represent the fourth month in a row that retail sales were higher than the same month a year ago.

9. Household spending grew by 0.3% in the three months to August, after a rise of 0.2% in the three months to July.

10. Business investment growth was steady at 0.6% in the three months to August.

11. The International Monetary Fund (IMF) said in its new World Economic Outlook the world economy is still growing.

But the fund said it expects the pace of expansion to slow to 3.1% this year and 3.2% in 2019.

12. With the US and China on a path to trade war, Japanese exports slumped 7.5% in September.

Japan’s output slumped 0.9% in September – the first such drop in 17 months.

International trade was down 8.6% during that period.

Bonus: 12 charts that tell you everything you need to know about the world of…

Translate all of the charts above into British.

Copyright: BBC. Used by permission.

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