That's the sound of inflation coming, that's what.
http://www.bloomberg.com/apps/news?p...d=apAoOyjm_Xts (SFW)
Todays figures show that the CPI rate has stayed the same as last month at 1.8% even though everyone expected it to drop to 1.5%.
The RPI rate increased to -1.4% from -1.6%.
Despite unemployment continuing to rise to the highest levels in 12 years it seems that inflation has turned the corner and is pushing up again.
Has the Bank of England overdone the Quantative Easing?
Stagflation anyone?
http://www.bloomberg.com/apps/news?p...d=apAoOyjm_Xts (SFW)
Todays figures show that the CPI rate has stayed the same as last month at 1.8% even though everyone expected it to drop to 1.5%.
The RPI rate increased to -1.4% from -1.6%.
Despite unemployment continuing to rise to the highest levels in 12 years it seems that inflation has turned the corner and is pushing up again.
Has the Bank of England overdone the Quantative Easing?
Stagflation anyone?
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