Tuesday, 22 March 2011

UK inflation

Check out the Chancellor's verdict on inflation levels when he pronounces on the budget tomorrow. If it's anything like what the Treasury is quoting at the moment - 1.9% - it's likely to be porky pies. It was 2.9% last year, and, if my wallet is anything to go buy, it feels to be rising steadily.

According to Allister Heath in City A.M., this makes a big difference to economic predictions. The difference between success and failure/boom or bust for public spending.

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