U K Inflation Falls Sharply In February

[Realistbear]

http://uk.finance.yahoo.com/news/uk-inflation-falls-sharply-in-february-tele-b31ea92bf594.html

UK inflation falls sharply in February

10:43, Tuesday 23 March 2010

Inflation in Britain fell back sharply in February as prices rose by less than a year ago, official figures showed.

The Consumer Prices Index eased to 3pc from a 14-month high of 3.5pc in January, the Office for National Statistics (ONS) said .

"The natural consequence of anything that has inflated when circustmnaces change is deflation."

Hard to diasgree. *

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[Lepista]

Sorry RB, but are you trying to imply that inflation is slowing...?

[Cicero]

This bit made me laugh:

"Food and drink costs also rose by less than a year ago."

WTF!?! What planet does the ONS use for it's "lie-stistics"?

[CokeSnortingTory]

And this is before all the stimulus/reflation efforts have been curtailed......

[Injin]

I don't get it.

The title is about inflation, but the post is about a price index.

[Dorkins]

When second differentials are being reported as good news, that's when you know you're definitely in the sh1t.

[Neil B]

Everyone fails to notice that the target is 2%.

Fiscal Stimulation without positive GDP leads to inflation. Expect many more months with inflation greater than the target, however the media will concentrate on meaningless statistics like this one.