'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.'
I am not a sheep, I have my own mind
I have had enough of being told what and how to think
Whilst we are still allowed the remnants of free speech,
I will speak out.
I also reserve the right to discuss less controversial matters should I feel the urge.
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Wednesday 14 July 2010
Ready for higher interest rates?
For some time now I have been telling people that the threat is not deflation but inflation and I am often derided for it. So I was interested to read in The Telegraph that whilst:
Quite agree.
ReplyDeleteArtificially 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.