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BBC News today:

The UK's inflation rate fell to the Bank of England's target of 2% last month for the first time since November 2009, helped by a slowdown in the increase of fruit prices.

The slowdown in the increase of fruit prices will provide welcome relief to struggling British families, who no longer need be haunted by the daunting economic spectre of ever-more expensive fruit.

It's a shame that low inflation means that interest rates will have to go up soon (sic).

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Jan 14th, 2014 at 11:01:25 AM EST
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It's a shame that low inflation means that interest rates will have to go up soon (sic).
WHat!?

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Jan 14th, 2014 at 02:16:48 PM EST
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To be fair, the news item actually says the opposite - for now.

But it also hints that low inflation = recovery = increased pay pressure = higher interest rates.

'S inevitable, innit. Just watch what happens if pay rises get anywhere near the inflation rate.

Still - at least we can all afford cheap fruit this month.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Jan 14th, 2014 at 02:25:43 PM EST
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