Inflation has slowed (a little) to 2.5% last month... however, if you think this will prompt any acceleration in the BoE's professed (but hardly actioned) intent to reduce interest rates, prepare for Andrew Bailey in the media today to be out identifying a range of other 'inflationary pressures' that will still mean rates cannot be dropped just yet....
The sado-mometartists still don't think we have suffered enough!
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h4890
In response to this post@ChrisMayLA6 I will shamelessly steal sado-monetarists! =)
@h4890
its a god term, but not mine - originally coined many years ago by William Keegan of The Observer!
by Emeritus Prof Christopher May ;
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GhostOnTheHalfShell
In response to this post@ChrisMayLA6
Yeah, but any time the word inflation is mentioned I chafe..
It’s not nearly the same thing as cost of living. And regular people tend to define inflation as stuff they can’t afford anymore, which is vastly different than the economic professions definition of it. So when people say inflation is too damn high and Economist go oh you’re ignorant it’s like, nah.
@GhostOnTheHalfShell
yes, not sure if you saw this I wrote a while back which includes the issue you allude to about different perceptions of inflation....
https://northwestbylines.co.uk/politics/economy/misunderstanding-inflation/
by Emeritus Prof Christopher May ;
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