Britain stayed in deflation in October, with the Consumer Prices Index falling by 0.1 per cent over the year. So far this year inflation has averaged just 0.02 per cent – the longest run of low inflation since the 1930s.
New stats show inflation unchanged at -0.1% while pay growth strong & employment at record high, means household budgets going further
Citi says inflation is likely to turn positive again next month as the effects of last’s years oil price nosedive falls out of the 12-month change – but with sluggish global growth, the cost of goods falling and inflation in the cost of services running at just 2.2 per cent, it looks like low inflation will be with us for a long time.
[datawrapper chart=”http://static.spectator.co.uk/y0IrQ/index.html”]
Get Britain's best politics newsletters
Register to get The Spectator's insight and opinion straight to your inbox. You can then read two free articles each week.
No one covers up their war crimes any more. They film them, celebrate them, post them on X. So we have videos from Syria this week showing Islamist fighters making terrified Alawite men get on their hands and knees and howl like dogs. In one video, the victims crawl along a street spattered with blood
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in