Tuesday, Aug 12, 2008

Ouch!

BBC: UK inflation up to 4.4% in July

The UK inflation rate rose to 4.4% in July, up from 3.8% in June and more than twice the government's target of 2%.
The increase in the Consumer Prices Index (CPI) was higher than expected.
The Retail Prices Index (RPI) inflation measure - often used as a benchmark in pay negotiations - rose to 5% in July from 4.6% in June.

Posted by stevie dee @ 09:45 AM (849 views) Add Comment

10 Comments

1. paul said...

So, the MPC have failed to meet their targets. Can we expect any of their resignations sometime soon?

Tuesday, August 12, 2008 10:40AM Report Comment
 

2. wage slave said...

And still they won't raise interest rates.

Tuesday, August 12, 2008 11:07AM Report Comment
 

3. Theboltonfury said...

relax, a CD is bit cheaper now

Tuesday, August 12, 2008 11:19AM Report Comment
 

4. theboltonfury said...

but it's ok, I can buy chart cd's for only 8 pounds

Tuesday, August 12, 2008 11:21AM Report Comment
 

5. inbreda said...

When calculating inflation they should include the salaries of the MPC morons. At least then it would be clearer how we could bring down inflation.... Hang blanchflower from a tree.

Tuesday, August 12, 2008 12:06PM Report Comment
 

6. This comment has been removed as it was found to be in breach of our Blog Policies.

 

7. theboltonfury said...

AO - got a few properties have you? oh dear...

Tuesday, August 12, 2008 12:52PM Report Comment
 

8. paul said...

Astononished Observer is a troll, probably David Smith - who has a knack for overreaction.

Don't expect any sense from him.

Tuesday, August 12, 2008 01:18PM Report Comment
 

9. Notbuyingoneyet said...

AO -Your point is?

Tuesday, August 12, 2008 01:33PM Report Comment
 

10. Kruador said...

Largely illusory - continued to be the the inflating bubble of oil prices. This bubble has now burst violently and is down 30% since 12 July, and still falling.

Any fiddling with interest rates would make damn all difference.

Tuesday, August 12, 2008 05:03PM Report Comment
 

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