All this in the midst of a deflationary depression....?
Business Insider,
18 October, 2011
CPI in the U.K.: 5.2%.
The expected forecast 4.9%.
According to Markit, this was the highest reading since September 2008.
Meanwhile, unemployment has hit its highest level since 1994 at 8.1%.
This table from the report has a breakdown of the components and their year-over year change.
Add the CPI and the unemployment rate together, and you get a cool 13.3% misery index.
And for another way of understanding how miserable this inflation is, check out this chart put together by Reuters' Scott Barber:
For references GO TO
Business Insider,
18 October, 2011
CPI in the U.K.: 5.2%.
The expected forecast 4.9%.
According to Markit, this was the highest reading since September 2008.
Meanwhile, unemployment has hit its highest level since 1994 at 8.1%.
This table from the report has a breakdown of the components and their year-over year change.
Add the CPI and the unemployment rate together, and you get a cool 13.3% misery index.
And for another way of understanding how miserable this inflation is, check out this chart put together by Reuters' Scott Barber:
For references GO TO
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