Inflation data remained steady, rising slightly from 2% to 2.2% if your are a normal person...
If you are a business journalist, inflation is rising 'worryingly'...
If you work for the BoE's MPC, you'll likely be preparing statements that include the idea of inflation 'surging'.... and as such will be once again stalling any decline in interest rates!
welcome to the looking glass world of the sado-monetrarists who will only be happy when we are actually in a proper recession!
Follow
@ChrisMayLA6 Hmm. Are these people economists or just "personalities"? 1 to 2 percent inflation is normal and expected in a functioning economy. It's the target. It's what you want.
@shuttersparks
Agreed, but the MPC has moved to disaggregate the measure in its pubic pronouncements, taking about higher rates of rise in services (for instance).... they seem committed to ignoring the headlines rate when it doesn't do what they want - which is to claim persistent inflation requires continued higher interest rates....