Monday, 30 March 2009

February food inflation - highest in four years

Does anyone still believe in the deflationary myth? Thought not.

Monthly food inflation this February was 1.5 percent. That is the highest rate in at least four years. To tell the truth, it could be longer than that, but I got bored calculating the monthly inflation rates. Going back four years was far enough.

6 comments:

Anonymous said...

Markets gave up on deflation about a month ago. Hence the recent equity rally

mkz said...

Are you sure that's right? I just downloaded "CPI monthly percentage change 1988 to 2009" from http://www.statistics.gov.uk/ and it looks like it was 1.6% in Nov 08, 2.4% in Jun 08, 1.8% in May 08 and Oct 07.

Alice Cook said...

mkz

The data refers to a) food, b) just February (for each year).

And of course, it is possible that I got it wrong.

Alice

Rick said...

The only surprise is that it's not much higher.

Dr. Frank said...

I am having some minor renovations done on my house. I asked 2 different (semi-skilled) handymen for quotes for the work. I was floored when both quotes came in at over £22 per hour. Once again, the official measures of inflation are way behind the curve!

look said...
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