Tuesday, 16 June 2009

Inflation figures released

The latest figures show the annual RPI rate - the country's broadest measure of inflation - fell to -1.1% in May after recording -1.2% the month before, according to figures from the Office for National Statistics, which collects them each month.

Inflation fell less than expected on the official CPI measure, being 2.2% from 2.3%, that's still above the government target rate of 2% in a highly deflationary period. The weakness of the pound seems to have been the main cause of this, forcing up the prices of imported goods and inputs.

The Telegraph coverage can be found here

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