"The annual increase in CPI mainly came about because of a number of unusual factors that had depressed prices a year earlier."
I would suggest that such terrible economic news under a Conservative government would have received somewhat more complete coverage, more wailing and bemoaning the economic disaster and interviews with the opposition. However under a Labour government all is peace and quiet, don't scare the population especially this close to an election.
In fact this news means that we are just starting on the path to traditional Labour high inflation, in fact stagflation which I and others have been predicting for quite some time now. Don't expect to see or hear Robert Peston or Nick Robinson discussing Stagflation any time soon, after all there is a general election to be secured for Labour first. As I have said before, there is still time to buy gold (and silver).
1 comment:
I have a feeling that inflation is just a matter of months away from us here in the USA.
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