The Consumer Prices Index (CPI) measure dropped to 4.5% from 5.2% in September.
Well some good news today. A drop in inflation due to food and oil prices falling has resulted in todays fall.
BUT this has its downsides, Low inflation is a very good thing but deflation is can do great harm to the economy.
Gordon Brown has warned about this very problem and he is likely to annouce some increases in spending and small tax cuts in order to stop this problem of de-flation.
No comments:
Post a Comment