Inflation low is it?

[HairyArsedBloke]

3% expected 2.7%

Does that qualify as an Oh Dear?

Edit:

I can't see this low inflation world coming to the UK. With the pound going down the pan and BoE/Govt flooding the country with cash I think deflation is not going to happen. Except in house and stock prices

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7893873.stm

The latest figures for the rate of inflation are expected to show that it has fallen again.

Figures for January are expected to show inflation dropping below 3%, as lower oil prices and the reduction in VAT drive down the annual rate.


But then....

http://news.bbc.co.uk/1/hi/business/7888458.stm

The price of petrol at the pump has been steadily rising since the start of January, figures have shown.

The average price of a litre of petrol is now 90.48p and diesel 100.74p, analysts Experian Catalist said.

This compares to a recent low on 6 January of 85.89p for petrol and 98.06p for diesel.



AND


http://www.guardian.co.uk/money/2009...s-staple-foods

Prices of 24 food staples at three big supermarkets have risen sharply over the past year, with those at Tesco up by 20.5%, Asda by 19.2% and Sainsbury's by 13.4%, the price comparison website mySupermarket said today.

A more than 80% rise in the price of cucumbers and a big hike in other fruit and vegetables, as well as rice and fusilli pasta, helped fuel the annual increases.

A separate comparison of all fresh meat and poultry products across the three retailers' websites, plus Ocado, suggested these had risen from an average of about £6.70 an item to about £7.65 over the year, although prices had been stable in recent months.

Earlier this month, the British Retail Consortium said overall food inflation rose by 7.5% between January 2008 and January 2009.



Who here buys crude oil to run their cars and who here uses refined petrol or diesel?