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UK Inflation

  • 19-01-2010 3:04pm
    #1
    SLUSK
    Closed Accounts Posts: 1,156 ✭✭✭


    UK inflation is higher than expected, 2.9%. Apparently the thing called quantitative easing, ie printing money, causes inflation. What a big surprise!
    http://bloomberg.com/apps/news?pid=20601087&sid=aflF03pD5les&pos=5

    This will probably not lead to an increase in interest rates from their central bank. So the rate of inflation will probably rise higher in the near future.

    Well at least they don't have to worry about the bogeymen also known as deflation.


Comments

  • #2
    Time Magazine
    Registered Users, Registered Users 2 Posts: 8,452 ✭✭✭Time Magazine


    SLUSK wrote: »
    UK inflation is higher than expected, 2.9%.

    Well Holy God.


  • #3
    SLUSK
    Closed Accounts Posts: 1,156 ✭✭✭SLUSK


    Time Magazine wrote: »
    Well Holy God.
    That is 45% above the official inflation target of 2%. Obviously the central bank in the UK is not doing its job.


  • #4
    Flamed Diving
    Closed Accounts Posts: 6,609 ✭✭✭Flamed Diving


    GOLD


  • #5
    Anonymous1987
    Closed Accounts Posts: 784 ✭✭✭Anonymous1987


    SLUSK wrote: »
    That is 45% above the official inflation target of 2%

    And that is gross abuse of statistics


  • #6
    SLUSK
    Closed Accounts Posts: 1,156 ✭✭✭SLUSK


    Anonymous1987 wrote: »
    And that is gross abuse of statistics
    As for as I know 2.9% inflation is exactly 45% higher than 2.0% inflation. Are you telling me I'm wrong? Or am I perhaps "misleading" other readers?


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  • #7
    Anonymous1987
    Closed Accounts Posts: 784 ✭✭✭Anonymous1987


    SLUSK wrote: »
    As for as I know 2.9% inflation is exactly 45% higher than 2.0% inflation. Are you telling me I'm wrong? Or am I perhaps "misleading" other readers?

    No its correct, what I'm highlighting is that being off target by 45% seems like a serious mess-up but really the effects of 0.9% inflation is insignificant which should be obvious anyway.


  • #8
    PLIIM
    Closed Accounts Posts: 102 ✭✭PLIIM


    Id say they are getting exactly the result they want.


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