Funny how some get heated up if inflation is above target, but feel it´s OK when it is below!

David Smith writes: “THE INFLATION BALOON’S STILL UP IN BRITAIN”:

Britain has become, once more, a high-inflation(!) economy. Normally as a nation we like to top any European league. But when that league is for inflation rates across Europe, that is more than a little embarrassing.

New Eurostat figures, which the Labour party was quick to pick up on, show that last month Britain had the highest inflation rate in the European Union. Yes, of all 28 EU members states, Britain’s inflation rate was the highest.

Britain’s 2.7% rate last month was more than double the EU (1.3%) and eurozone (1.1%) averages. Previously high-inflation EU countries, which included Hungary, Poland, Romania and the Netherlands, have come back down to earth. While Britain’s rate is close to 3%, more than half of the members of the EU – 15 in all – have prices rising at an annual rate of 1% or less.

Now, who´s ‘suffering’ more: The UK or 15 of the EU members that have inflation below 1%?

2 thoughts on “Funny how some get heated up if inflation is above target, but feel it´s OK when it is below!

  1. Better to be monetarily asphyxiated in Spain than to live with sub-3 percent inflation in GB? What are these people thinking?

  2. Pingback: UK: Funny how some get heated up if inflation is above target, but feel it´s OK when it is below! The Corner

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.