Tuesday, May 17, 2011

High Inflation due to Easter Bunny

UK inflation rate rises to 4.5% in April

The UK Consumer Prices Index (CPI) annual rate of inflation rose to 4.5% in April, up from 4% in March. The rise in CPI was bigger than analysts had forecast and follows a surprise fall in the index last month. CPI is now at its highest level since October 2008. It said the fact that Easter was in April this year but in March last year partly explained the jump in prices. (The Bank of England) still expects inflation to fall back towards the Bank's target rate of 2% towards the end of next year.

Posted by orcusmaximus @ 10:55 AM (1926 views)
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8 thoughts on “High Inflation due to Easter Bunny

  • The UK Consumer Prices Index (CPI) annual rate of inflation rose to 4.5% in April, up from 4% in March.

    ~ Romes Easter Bunny Girl embroiled in Mervyn’s massage scandal as the two were caught fiddling again.

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  • ontheotherhand says:

    April was the 17th month in a row that the inflation rate was at least one percentage point above target. So does the UK sack Mervyn King to signal they are serious about inflation and won’t tolerate failure? Or does the BofE put up interest rates to signal that they won’t tolerate 34 months of high inflation? What mug international investors buy our government bonds when we default a little every year (for that is what inflation is)?

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  • And everyone got excited when oil and gold dropped. lol

    Another shakeout, another buying op.

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  • I agree with the above. King is an absolute idiot if he thinks people are going to buy his rubbish about inflation falling back.

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  • The oil men haven’t had their fill yet and they certainly haven’t finish in the middle east.

    So yes, King is playing simpleton.

    Still long oil.

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  • But providing they are able to say inflation will fall back to target they side step the need to increase interest rates.

    Actually weren’t they saying inflation would fall back in 12-18 months, about 12-18 months ago ?

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  • King is playing simpleton, simples!

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  • markj69 str05 says:

    What’s the point in having a mechanism which can be adjusted monthly, if the BOE are going to sit on their fat @rses and say inflation will drop back in 19mnths time. Perhaps their salaries and bonus’s should be put on hold aswell!

    Total fookwits.

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