Britain stayed in deflation in October, with the Consumer Prices Index falling by 0.1 per cent over the year. So far this year inflation has averaged just 0.02 per cent – the longest run of low inflation since the 1930s.
New stats show inflation unchanged at -0.1% while pay growth strong & employment at record high, means household budgets going further
Citi says inflation is likely to turn positive again next month as the effects of last’s years oil price nosedive falls out of the 12-month change – but with sluggish global growth, the cost of goods falling and inflation in the cost of services running at just 2.2 per cent, it looks like low inflation will be with us for a long time.
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‘Bear in mind these dead, I can find no plainer words,’ wrote the Northern Irish poet John Hewitt reflecting on the Troubles’s terrible death toll. How we remember the victims of terrorism and articulate the harm it causes comes to mind today, the 20th anniversary of the 7/7 Islamist attack on London’s transport network. The
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