The BBC are running a story about interest rate increases being less likely due to a surprise reduction in the inflation rate.
ffs
first the rate decline is 0.1
second they are also running a story about an unexpected peak in crude prices. Oil price volatility has been the single biggest determining factor in inflation in the past 24 months.
who is running the BBC Business Unit ffs
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https://www.bbc.co.uk/news/business-66866916
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The beeb is compromised.
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Warning over fuel prices as oil hits 10-month high https://www.bbc.co.uk/news/business-66852329
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I don't agree. The point here is that the monthly figure is volatile and a rise had been expected taking into account some of the volatility e.g. oil prices. Core inflation fell substantially - minus 0.7% - and services inflation also down more than expected. So it was perfectly accurate to say that this leaves tomorrow's decision finely balanced.
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