Tuesday, 18 October 2016

1% Inflation, eh? How Times Change

Somehow the Grauniad manages to make the 1% announcement sound like something shocking.  Well, "City analysts had expected inflation to rise to 0.9%"  -  so Something's Gone Badly Wrong.

Next, they'll be telling us that soft house prices are an outrage.  If anyone could be arsed, I am guessing we could find past editorials stating how important it is for inflation to be somewhere around 2% and that soaring house prices are a blight on the younger generation.

Ho hum.

ND

16 comments:

Elby the Beserk said...

You read the Guardian, Nick? You're a better man than I, Gunga Din!

Electro-Kevin said...

BBC at it yet again. The insinuation being that Brexit is at fault for this catastrophe.

Peter Hitchens puts it neatly. He anticipated a fall in the pound for some years because of mountains of debt and years of QE, "People forget that the avalanche is caused by the build up of snow, not the yodel."

Jan said...

I was also about to make a comment about the biased BBC but E-K beat me to it! House price inflation has been very high for years but this is conveniently ignored and does not even figure in the official figures. Now house prices in London at least are on the turn and inflation is up a smidgen but of course it can all be blamed on Brexit. Whether it's good, bad or indifferent it must be Brexit's fault!

Weekend Yachtsman said...

Brexit is a bit like global warming in that respect.

In fact, come to think of it, it's many of the same people saying these things, too.

Must be something in the water.

Anonymous said...

Who would have thought Harold Wilson and Theresa May using the same lines.

Remember the "pound in your pocket" line.

"Brexit will not affect you .." also sounds soothing and believable to the gullible.

http://moneyweek.com/19-november-1967-harold-wilsons-pound-in-your-pocket-fib/

Raedwald said...

Size 2 native oysters are scarce, I'm told, and this early in the season.


Bloody Brexit, innit.

Blue Eyes said...

ND has beaten me to it! I would have posted a similar article myself, but for Brexit!

dearieme said...

Nice one, E-K,
Nice one, son,
Nice one, E-K,
Let's have annuvvah one.

Timbo614 said...

I was considering that too long ago, if inflation is NOT 2% doesn't Mr. Carney have to sit on the naughty step? Then write a letter of apology...

Timbo614 said...

Obviously supposed to say "not" too long ago! Coo one comment in six months and I can't even get that right. Must be Brexititus.

andrew said...

We had a Thai tonight and I got some sauce on my shirt.
Can I blame that on brexit?

Nick Drew said...

That'll be it: or maybe S.Yorkshire Police

or that New Zealand woman

Electro-Kevin said...

Thanks, Dearieme but this is entirely attributable to Peter Hitchens.

adham said...



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adham said...


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adham said...


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