With the United Kingdom EUstats release of June data, I have updated my comparison graph...
Note, the USA(EU method) is directly from Eurostats.
The rate of inflation is decelerating across the board. However, the near 19%+ rise in prices, over the past 26 months is still fresh in the minds of most consumers.
There are some naysayers worried about the rapid deceleration, as sign of either a recession or possible deflation.
This seems to be based on the notion of this deceleration never happening before. Not so sure about that, as it has occurred in the past 80 years, and not always accompanied by a recession. Granted, monetary policy has been a factor, but again... such recessions were most often deemed as mild.
But what do I know?
No comments:
Post a Comment