Tuesday, 19 May 2009

Inflation in April

April's inflation numbers are out, if you're interested.

CPI: +2.3% (+2.9% last month.)
RPI: -1.2% (-0.4% last month.)

So CPI is STILL above its 2.0% target, and no, the BoE isn't going to do anything about it, so just suck it up as they say in the US Marines.

RPI may look "good", but RPIX (excludes mortgages) is +1.7% and don't forget we still have the oil price collapse in this number.

Link: ONS

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