Tuesday, July 17, 2007
Hmmm – how can we fudge the figures this month
The UK's consumer price inflation fell to 2.4% last month, down from 2.5% in May, the Office for 'Notional' Statistics said. However, the decline was smaller than many analysts had forecast, prompting concerns that interest rates would have to climb later this year. The Retail Prices Index, an inflation measure often used in pay bargaining, rose to 4.4% from 4.3% in May.