MSENews: Unexpected fall in inflation but prices still rising sharply

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"Inflation surprisingly dropped last month, weakening the prospect of an imminent interest rate hike by the Bank of England ..."

Read the full story:
Unexpected fall in inflation but prices still rising sharply





This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.

nomoneytoday

I think it was Benjamin Disraeli who said, "Lies, Damn lies and Statistics"

talexuser

Agreed, it is obvious that the indebted West sees inflation as a way of reducing the debt in real terms over time, so are quite happy to see inflation. The CPI/RPI change is just another way of massaging the figures.

Otherwise the BOE would be having its own cutbacks in top policy makers by now.