Inflation Lowest Level In 3 Years.....

[ToraToraTora]

https://www.bbc.co.uk/news/articles/cjrrk8j7pwxo

Just in time for labour to boost it back up again!

[Gromit]

When the Conservatives took power in 2010 the inflation rate they inherited from Labour was lower than it is now, 14 years later. In 2009 it was 1%.

[Gromit]

September 2009 inflation was 1%. In May 2010 the Conservatives rook over. By September 2011, it had risen to over 5%.

[youngmafbog]

If you had the slightest inking of economics you would know that many think 5% inflation is a good area to be in. 

1% inflation is dangerously close to deflation, and you really wouldnt like that.

 

[Gromit]

Ymb,  
Nope.  - We have had deflation twice during the the last 14 years of economic failure. Thanks for reminding me.

[newmodarmy]

//September 2009 inflation was 1%//

Yes under Brown following the banking crash when interest rates had had to be reduced across the world to almost zero and governments engaged in massive QE to try to get the economy moving.

 

 

[newmodarmy]

Of course the latest low figure is a lie, it's Sunak desperately manipulating the data, as gulliver told us.

It's the same pattern across all economies- very high rates following Ukraine invasion due to energy costs, now falling back to normal levels. We just need a new goverenment to concede to a few massive wage demands and we might get inflation back to youngmafbog's suggested level of 5%. I always thought the sweet spot was around 2% which is roughly the target set for the Bof E

[douglas9401]

'Get the economy moving' is just another way of saying 'keep the bonus payments coming'.

'The economy' will always right itself, it's the 'experts' who always *** it up.