I will admit to being a little surprised by the extent of October's fall in inflation. However, I still think we are a very long way from deflation. The CPI inflation rate largely fell due to declining commodity prices, particularly oil. The decline in sterling may yet counteract these price falls.
Tuesday, November 18, 2008
Inflation falls sharply
I will admit to being a little surprised by the extent of October's fall in inflation. However, I still think we are a very long way from deflation. The CPI inflation rate largely fell due to declining commodity prices, particularly oil. The decline in sterling may yet counteract these price falls.
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