Monday, 10 September 2012

Economics Epiphany

The rate of inflation in the UK stands at 2.6% having fallen from 2.8% in the previous months. To put this into perspective the record high for inflation was set in April 1991 at 8.5% and the record low was set in May of 2000 at 0.5% ... When complaining about inflation remember the poor citizens in 1991 and think how lucky we truly are.. Although for the inflation rate to increase as dramatically as it has in just 12 years is somewhat worrying. Who's fault is this? Is it the fellow consumer's fault or the government's? Well I don't actually know the answer which defeats the word 'epiphany' used in the title but I am sure it is somewhere inbetween the two...I hope to reach this epipahny one way or another and I will be sure to write some sort of strongly worded letter to George Osborne on the matter.. whether he takes the advice of a sixteen year old ameteur economist has yet to be seen.. I can hope..

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