Wednesday, 19 August 2009

Inflation waiting in the wings

Here are the CPI numbers for some of the world's major economies, ranked by increasing inflation:

So which country is most at risk from inflation? Norway? Nope! You forgot to add back in the UK's temporary VAT cut which expires at the end of the year at which point our +1.8% becomes +2.3%.

Deflation? What deflation?

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