Tuesday, October 18, 2011

Usual ”fall back after 2 years” propaganda & lies expected from BOE

Inflation closes in on 20-year high

Inflation will today hit its second highest level in 19 years when it peaks at around 5pc, dealing households one final blow before starting to decline. The monthly consumer prices index (CPI) has risen above 4.7pc just once since it reached 7.2pc in March 1992, according to the Office for National Statistics (ONS). Economists expect CPI for September, published today, to be between 4.9pc and 5.1pc – just below the 5.2pc recorded in September 2008 after oil rocketed to $147 a barrel.

Posted by hpwatcher @ 07:15 AM (869 views)
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