Inflation starts to fall
The publication of price inflation figures for the twelve months to February 2010 show that the Consumer Prices Index (CPI) measure of inflation is starting to fall.
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The publication of price inflation figures for the twelve months to February 2010 show that the Consumer Prices Index (CPI) measure of inflation is starting to fall.
The price inflation figures published this morning make for some grim reading, if you take them at face value. The Consumer Price Index (CPI) measure of inflation increased to 2.9%, up from 1.9% for the year to November.
The inflation figures published today for the twelve months to November 2009 could signal the start of a short-term spike in price inflation. The Consumer Price Index (CPI) measure of price inflation was slightly higher than expected, with an annual rate of of 1.9%.
The Retail Prices Index (RPI) and Consumer Price Index (CPI) are both conventional measures of price inflation. Alternative measures of inflation are also useful. New research from Halifax shows average pocket money is up 11p or 1.79% this year.
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