Inflation Versus Inflated Expectations

More bad consumer numbers on the economic front, and a present from Santander on the UK market

Rodney Hobson 17 September, 2010 | 12:55PM

Ouch (Again)
More bad news on the inflation front. Perhaps I should just cut and paste last month’s column. Or the month before that. The message doesn’t change.

The Consumer Price Index, the measure used by the Bank of England, was static in August at 3.1%. Yet again it refused to ease below the 3% target ceiling despite falling in each of the previous three months.

I can’t see it dropping far over the next six months and it may well stay above 3%. Economists had expected the rate to slip just below the ceiling last month but regular readers of this column would not have been so optimistic.

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About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, most recently The Dividend Investor.

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