Tuesday, January 19, 2010

You can expect more of this…..

UK inflation expected to rise most in a decade

''Economists surveyed by Bloomberg forecast the Consumer Price Index (CPI) - the measure of inflation used by the Bank of England to set interest rates - to climb to 2.6pc last month compared with December 2008. CPI was only 1.9pc higher on an annual basis in November and the 0.7 percentage-point jump in December would be the steepest since records began in 1997. The Office for National Statistics is due to release the figures at 9:30am.''

Posted by hpwatcher @ 08:27 AM (1251 views)
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4 thoughts on “You can expect more of this…..

  • Le crunch will be vindicated big time. Certain things are more obvious to some than they are to others. The house of cards shake out is coming.

    The harder I work the luckier I get.

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  • isn’t this mainly because of the VAT reduction reversal, and the fact that cheap fuel (dec 2008) is the comparison for current fuel prices

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  • little professor says:

    1. another alan – No. The figures are for December 2009, so the VAT hike won’t be a factor – VAT didn’t go back up until Jan 1st this year. And fuel in December 2009 was more expensive than December 2008, to my memory at least.

    This would be a humongous jump in inflation. Good thing I bought some more index-linked savings

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  • QE + Small GDP = Inflation

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