![Money supply growth: MA, M4 and M4ex](https://www.stevebaker.info/wp-content/uploads/2012/04/oimg-150x150.png)
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…http://bit.ly/Pgdp1H (
@SteveBakerMP)
Good to know that my reader isn’t surprised by inflation. A pity that the people who manage the money supply are.