'The Consumer Price Index rate of inflation dropped from 3.4pc in May to 3.2pc last month, according to the Office for National Statistics' it 'fell short of economists' targets of a decline to 3.1pc.Expect inflation to rise very soon...
Increasing concern was the increase in "core" inflation, which excludes volatile factors such as food and petrol, from 2.9pc to 3.1pc.'
Saturday 7-Up
1 day ago
1 comment:
Quite agree.
Artificially low interest rates over many years were one of the causes of the mess we are in now.
Both government measures are fixed to underestimate inflation.
Food and petrol prices can only go up in the long run.
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