Bank warns inflation 'to stay high'

Discussion in 'Economics' started by geezer466, Feb 13, 2013.

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  1. [​IMG]

    <Gidiot> It's a price worth paying to protect my mates in the banking industry <Gidiot>
  2. Which'd be bad, wouldn't it, since we might all have less dosh to spend on the tat you're hoping to spam us into buying.

    Given that between 1970 and 1990, inflation didn't fall below 3% and was usually rather more than that (see 1975 and the 24.9% rate (measured by RPI) for more details...), I do like the way that the media leap up and down and claim that inflation is 'high' these days.

    (That's not to underestimate the issues with this, just a comment on how perceptions have changed).