Friday, May 25, 2007
Why is everybody so surprised?!
Guardian newspaper: Petrol heads for £1/a litre
The data is coming in thick and fast now.
Posted by pr @ 01:07 AM (150 views) Add Comment
1 Comment
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1. Jolo said...
I'm confussed that the MPC seem sure inflation will drop back later this year due to energy cost's coming down at this current moment in time,(It will look strange though because later this year energy price's will proberly be on the rise again. (Are inflation figures that far behind?) Yet does anyone know how far oil will rise?? If oil is included in the CPI as the MPC convieniently said it was when oil was falling back last year, Then this could cause a big headache for the MPC and the only solution is to keep the interest rates rising. Incidently had any of the MPC not voted for an .25% rise they would have lost their job i'm sure given the report for inflation at the time reached 3.1%. Just raise rates by 1% and bring the crash on. Why wait any longer? i'm getting fed up now.