Is this deflation I see before me? Why prices are rising faster than the inflation rate
I am not sure about you, but I sometimes have to go to the back numbers to make sense of the statistics that get thrown at me. I have been for some months a bit curious as to why the brightest brains (well some seriously well paid experts) among the UK economists have consistently been wrong in their prediction of inflation, each time overstating the fall in the headline figure. Again this month, they expected the Consumer Price Index to…