Sunday, Aug 27, 2006

BoE official criticises US inflation measure.

FT: BoE hits at US inflation measure

The US Federal Reserve is wrong to focus on core measures of inflation that exclude energy prices, Charles Bean, chief economist at the Bank of England, has suggested.

It should focus instead on headline inflation, which is much higher, he argued. Including energy and food costs, US consumer price inflation is running at an annual rate of 4.1 per cent, against 2.7 per cent for core inflation.

Posted by @ 09:23 PM (542 views)
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1. tyrellcorporation said...

Let me get this right, this is the same BoE who currently swear that our inflation rate is 2.4%?!?

Pot and kettles in black methinks!

Monday, August 28, 2006 07:38PM Report Comment

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