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UK in 3.1% deflation

kaya'08

kaya'08

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BBC NEWS | Business | Big fall in UK inflation to 3.1%

Consumer price inflation dropped sharply in December to an annual rate of 3.1% from November's figure of 4.1%.

The biggest factor was the cut in VAT from 17.5% to 15%, announced in the pre-Budget report on 24 November, the Office for National Statistics said.

But high food, gas and electricity prices prevented the rate from falling as fast as economists had predicted.
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kaya'08 said:
BBC NEWS | Business | Big fall in UK inflation to 3.1%
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Thats deflation on a monthly basis.. Its still 3.1% inflation which is far higher than Europe on average, another unhealthy sign. The economic activity is declining, while inflation is 3%. Very bad.

So. The UK economy is shrinking fastest in the world except some extreme economies in Africa, like Zimbabwe, while their inflation is among the highest in the world.
 
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