Inflation – a reason to be cheerful or a cause for concern?
The rate of inflation is important to construction at present, especially to those engaged in the housing market that might be wary of high inflation rates prompting increases in interest rates or deflation prompting prolonged falls in house prices. But it seems to me that people fall in reasonable proportions into three camps, those who fret about inflation rising, those who remain pretty relaxed and those who fret about deflation. So here is one graph that oddly might satisfy all sets of proclivities. There…