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LONDON Adidas Ultra Boost Vypredaj , Aug. 15 (Xinhua) -- More than a year after the Brexit referendum vote set Britain on a path to leave the European Union (EU), the economy continues to feel the effects with an inflation rate which continues to easily outstrip wages growth.
Figures from the Office of National Statistics (ONS) on Tuesday showed that UK Consumer Price Index (CPI) inflation was at 2.6 percent for July.
Although the rate remains the same as it was in June, and a fall on the May figure when it touched 2.7 percent, it is a significant rise on the May 2016 figure of 0.3 percent.
The sharp rise since then has been driven by the fallout from the June 23 Brexit referendum vote last year which saw foreign exchange markets react with a sharp fall in the rate of exchange of sterling.
The sharp fall of 15 percent has pushed up the price of imports and the costs of raw materials for manufacturers, and has fed through to UK inflation.
Inflation now easily outstrips wage growth, which increased by 1.7 percent year on year in the three months to the end of April.
Amit Kara Adidas NMD Vypredaj , head of UK macroeconomic research at the think-tank the National Institute of Economic and Social Research (NIESR), told Xinhua on Tuesday afternoon: "There is upward pressure on prices in part driven by currency depreciation but the impact of that currency depreciation has not been as great as some had expected."
It was unusual for the UK economy to suffer damaging pass-through after depreciation, as seen in the depreciations of 1939, 1992, and 1997, said Kara.
"For the size of depreciation Nike Air VaporMax Vypredaj , which was about 15 percent, the pass-through has been very small, there has been a big pass through for the import price deflator but it vanishes after that," he said.
"Some of the pass-through is still to come through but oil prices have come down recently so that will exert a little bit of downward pressure."
Kara said he expected inflation to continue "creeping a little higher" in the last few months of this year to about 3 percent and then for it to start falling gradually next year.
But he warned, "in the meantime wages are not rising, so there is a persistent squeeze on household disposable income."
This is leading to lower consumer spending Nike Air Presto Vypredaj , which has been one of the drivers of the economy in the past two years.
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LAUSANNE, Switzerland, June 9 (Xinhua) -- The International Olympic Committee announced here on Friday that a net increase of 15 events will be made to the program of the 2020 Tokyo Olympic Games.
The desicion was made during a meeting of the IOC Executive Board. Some of events are from the mixed events, incuding mixed doubles of table tennis, 4x400m mixed relay (athletics), men's and women's basketbal 3x3 Nike Air Max TN Vypredaj , 4x100m medely mixed relay, judo's mixed team event, mixed team archery event and mixed trianthlon team relay.
The IOC said it will be "the highest representation of female athletes in Olympic history". In Tokyo, the number of mixed events will double from nine in Rio 2016 to 18. All new events will make use of existing venues.
But the overall number of participating athletes will be reduced by 285 from Rio 2016, the IOC said in a statement.
Commenting on the decision, IOC President Thomas Bach said "The fascinating new events that we approved today Nike Air Max 97 Vypredaj , together with the five new sports that were added to the Tokyo 2020 program last year, represent a step-change in the Olympic program. I am delighted that the Olympic Games in Tokyo will be more youthful, more urban and will include more women."
The decision is a significant step towards achieving the 50 percent gender balance at the Olympic Games in both athletes and events, as clearly stated by Olympic Agenda 2020.
Four new International Federations (IFs) will move to gender-balanced in events for the first time (canoe, rowing, shooting and weightlifting). In terms of athletes Nike Air Max 1 Vypredaj , six IFs will move to gender balance for the first time (canoe, judo, rowing, sailing, shooting and weightlifting). At discipline level, gender balance is achieved in BMX racing Nike Air Max Thea Vypredaj , mountain bike and freestyle wrestling.
The program also includes youth-focused and urban-based additions such as basketball 3x3 and BMX freestyle, on top of sport climbing and skateboarding. Basketball 3x3 was a successful innovation at the Youth Olympic Games in Singapore 2010 and Nanjing 2014. Sport climbing and skateboarding were proposed along with baseballsoftball, karate, and surfing by Tokyo 2020 last year.
The next edition of the Summer Youth Olympic Games, which will take place in Buenos Aires in October 2018, will already feature BMX freestyle Nike Air Max Tavas Vypredaj , karate and sport climbing as well as several new innovative urban sports such as breakdance and roller sports.
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