Unite’s leader Sharon Graham said the union will continue to base claims on the RPI (retail price index) figure rather that CPI (consumer price index) because it better reflects the actual price rise…Read more…
Half the CPI shopping basket is now showing price falls
June 2015 CPI inflation was back at zero, from 0.1% in May. Likewise core inflation (excluding energy, food, alcohol & tobacco ) was back at 0.8% from 0.9% in May. Falling prices are now seen throughout the index. ONS publish CPI figures broken down into some 85 non-overlapping categories (e.g….Read more…
We should worry if excessively low inflation persists
CPI Inflation is currently at its at the lowest level since this measure of inflation began (1996). This is wrongly being spun as purely good news. Here’s what the bank of England actually says about undershooting its inflation target (my capitals) “The inflation target of 2% is expressed in terms…Read more…