Tuesday, 18 November 2008

Inflation falls, no thanks to the BoE

The inflation numbers for October are out:-

CPI: 4.5%, down from 5.2% last month
RPI: 4.2%, down from 5.0% last month

Those are "year to date" figures. The month-on-month RPI was actually negative in October at -0.8%. The biggest faller was the cost of motoring at -0.39%; this is due to the price of oil falling quite dramatically.

Of course these numbers are still over twice the official targets, which doesn't seem to concern the Bank of England any.

(Source: Gov stats)
(Source: BBC)


Anonymous said...

Have you considered joining The Green Arrow's Forum? I am of course assuming you are not already a member.

Nationalist said...

No, never heard of it! Will investigate forthwith...