Mervyn King: helping savers would push Britain back into recession

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The annual 2011 rate taken back in January showed inflation of 3.6%, far lower than the scaremongering 4.2% rate recorded in the previous month.

Regardless of whether inflation remains static or fluctuates a little, it looks to be under control at the moment as this graph shows and in comparison to the past century, or even the past few, is very stable

The real inflation experienced by the poor and retired is alot more. Inflation for food and power is more like 10%.

What annoys me is the government and BoE pretending that there is a 2% inflation target.