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Tuesday, November 17, 2009

Up, Up and Away!

Inflation is on the rise again, the "reliable" and "up to date" Office for National Statistics (ONS) reports that the Consumer Price Index (CPI) has risen to 1.5% in October.

Analysts expect that it may rise to 3% in the coming months.

The Retail Price Index (RPI), which includes housing costs, rose to -0.8% in October, from -1.4% the previous month.

Whatever rate of inflation is followed, the modest rise should be seen as no threat to the economy. A good dose of inflation (not at the levels seen in Zimbabwe) is what the economy needs to inject some life back into it.

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