It was Cauliflowers wot dun it.

[sasguru]

So, you're now able to charge more for your services ?

Oh dear it must be galling that a vegetable earns considerably more than thou....

[sasguru]

Bet it was more fun than what I had trying to drive through East Sheen this morning.

New contract is 1 tube ride away

1 tube ride? Where do you work - wandsworth council?

[oracleslave]

1 tube ride? Where do you work - wandsworth council?

1 tube ride as in not having to change.

It's walking distance from Paddington tube station.

[NickFitz]

Yes, mr geek, if you say so.

"...the vegetable (cauliflower) had a large upward effect" != "the major item that pushed inflation up was the cauliflower".

Still, the journalist achieved his goal: sloppy readers misinterpret the story and think it says something it doesn't. This results in wider circulation of the story, which leads to increased revenue for Reuters.

[AtW]

Didn't the price of flowers go up on that weekend though?

The drop in price in the following weeks more than makes up for it - does not mean anyone will be buying them but when readings of offer prices are taken it would factor into inflation. Maybe.

HTH

[thunderlizard]

Still, the journalist achieved his goal: sloppy readers misinterpret the story and think it says something it doesn't. This results in wider circulation of the story, which leads to increased revenue for Reuters.

Or I reckon: frustrated novelist/screenwriter/comedian writes something quirky about cauliflower, to make up for the disappointment of having to go to work as a Reuters journalist.

[AtW]

This results in wider circulation of the story, which leads to increased revenue for Reuters.

You reckon Reuters get paid by circulation of their stories?

[NickFitz]

You reckon Reuters get paid by circulation of their stories?

If a newspaper such as the Daily Mail sees the story and thinks "Ah, that's exactly the kind of nonsense our idiot readers will enjoy misinterpreting," then yes, Reuters wins.

How did you think news agencies made their money?

[TimberWolf]

How long before we can move on to the next stage: "inflation is good for us"?

The International Monetary Fund has long preached the virtues of keeping inflation low and allowing money to flow freely across international boundaries. But two recent research papers by economists at the fund have questioned the soundness of that advice, arguing that slightly higher inflation and restrictions on capital flows can sometimes help buffer countries from financial turmoil.

One paper has received particular attention for suggesting that central banks should set their target inflation rate much higher — at 4 percent, rather than the 2 percent that is the most widely held standard

“The I.M.F. is trying to redefine what is and what is not responsible financial policy after the crisis,” he said.
Global Crisis Leads I.M.F. Experts to Rethink Long-Held Ideas

Hmm, it may not be to late to buy gold after all.