Tuesday, August 18, 2009
Inflation sticky at 1.8%
Consumer price inflation was unchanged in July at 1.8%, against expectations of a fall, while retail price deflation eased from 1.6% to 1.4%. Furniture and alcohol prices were mainly responsible for keeping inflation above expectations. The Bank of England, as we know, expects the CPI rate to fall in the coming months because of spare capacity in the economy. More here.
All the economics you need. Welcome to EconomicsUK, the personal website of David Smith, Economics Editor of The Sunday Times, London.
The site, independent of the newspaper, aims to provide knowledge and stimulate debate on economics, for business people, students,economists and others. As well as my own articles and observations, it also includes material by other people and organisations, which is always welcome. Enjoy the site, and please take part in our forum.
The site, independent of the newspaper, aims to provide knowledge and stimulate debate on economics, for business people, students,economists and others. As well as my own articles and observations, it also includes material by other people and organisations, which is always welcome. Enjoy the site, and please take part in our forum.
Link to EconomicsUK.com
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