BBC always does a live blog on the topic which is a pain to link to so I posted the first source that came up when I googled it.
Carl-Newchat25 on
It is reported that air fares and tobacco prices have contributed to this inflation rise.
shadereckless on
Given the fall in the number of people smoking should tobacco come out the basket if goods?Â
If the inflation figure is basically being driven by flight costs and tobacco, on the whole actually pretty good newsÂ
Salty-Bid1597 on
“Inflation 70% above target”
Would be another way of putting it.Â
3.4% or 3.2% it’s still very high and climbing. The government and BoE’s comfort with this demonstrates their determination to inflate away as much of their debt as possible and, more immediately, raise taxes substantially via fiscal drag.
Do not, whatever you do, keep your savings in cash.Â
4 Comments
BBC always does a live blog on the topic which is a pain to link to so I posted the first source that came up when I googled it.
It is reported that air fares and tobacco prices have contributed to this inflation rise.
Given the fall in the number of people smoking should tobacco come out the basket if goods?Â
If the inflation figure is basically being driven by flight costs and tobacco, on the whole actually pretty good newsÂ
“Inflation 70% above target”
Would be another way of putting it.Â
3.4% or 3.2% it’s still very high and climbing. The government and BoE’s comfort with this demonstrates their determination to inflate away as much of their debt as possible and, more immediately, raise taxes substantially via fiscal drag.
Do not, whatever you do, keep your savings in cash.Â