Inflation jumps unexpectedly? Surprise?

Click for related article

Via the Telegraph:

The Office for National Statistics said its consumer prices index (CPI) measure of inflation rose to 2.6pc in July from 2.4pc in June, driven by a 21.7pc rise in the cost of flights which saw overall transport prices rise by 1pc.

And via ToryOutcast:

“UK inflation jumps unexpectedly in July”. Oh yes, completely unexpected that…  (@SteveBakerMP)

Good to know that my reader isn’t surprised by inflation. A pity that the people who manage the money supply are.

Tags: , , , ,

Comments & Responses

Comments are closed.