Tuesday, 17 February 2009

Inflation numbers

The Bank of England has published the inflation numbers for January. Read 'em here if you can be bothered.

In short CPI is 3.0% YoY - still 50% over target, and no the BoE has no plans to address this situation with a rate rise.

At 0.1% RPI is impressively low, until you realise that the fall is due to the VAT rate being reduced, and a knock on effect on mortgages due to the base rate being so low.

BBC link

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