Inflation Rise to 2.9%
Published / Last Updated on 18/01/2010
by Ashley Clark, Director
Inflation has risen by 1.0% from 1.9% in Novemebt to 2.9% in December 2009.
This is the largest inflation hike in a month since records began and is being blamed on low interest rates and fuel price increases.
Given that VAT went back to its old level on 1st January, we expect a few more inflations issues over the comping months.
Expect interest rate increases not just yet but in a few months.
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