Tuesday, November 18, 2008
Inflation begins its slide
Posted by David Smith at 03:30 PM
Category: Thoughts and responses

The drop in consumer price inflation was bigger than analysts had expected, with the headline rate falling from 5.2% to 4.5% and even the "core" rate, excluding food, drink, tobacco and energy, dropping from 2.2% to 1.9%. Mervyn King has some more open letters to write, but probably not that many, at least not until inflation drops below 1%. RPI inflation fell from 5% to 4.2% and may be heading into negative territory. More details here.