Breaking down inflation

The Office for National Statistics (ONS) has just published its latest bulletin on inflation.  There are a number of different inflation measures included – RPI, CPI and CPIH – but the overall conclusion is that inflation is slowly rising after a reduction at the start of the year.  The rate remains over 2%, which means the Bank of England must continue to plan on how to set its policy to reduce the figure, but since it has been over 2% since January 2017, and the main driver is Brexit, it’s unlikely the government is going to be too strict about this.

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