Comments: How did they vote?

retail price inflation was up from 4.3% to 4.4%....


Yes and that's the problem. Last week I got into a train with soemone who assumed that their employer could pay larger rises in pay indefinetely...

Wage inflation ios aloive and well.... Even if house price inflation is now no longer so...

Posted by pete balchin at July 30, 2007 01:59 PM

wage inflation continues though....

Posted by pete balchin at July 30, 2007 02:00 PM

You need to rely on more than anecdotes from people on trains. Look at the data - wage inflation has been extraordinarily subdued.

Posted by David Smith at July 31, 2007 08:48 PM
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