Balloon-inflation
You try and find a nice image for inflation

Inflation is at its lowest in a year

Well blow me up like a balloon

Yesterday we had wage stats, today it's inflation stats. And the big news is inflation is at 2.5 per cent, the lowest in a year.

What it means: is a calculation of how fast prices are rising. According to the Office of National Statistics (ONS), the rate is down from 2.7 per cent last month to 2.5 this month. Specifically women's clothing and shoes, and alcohol, aren't going up in price as fast as they were previously – both of those things are contributing to the drop in the inflation rate.

This is good news for our pockets: yesterday we found out that the average wage across the UK had risen 2.8 per cent, and when the inflation rate is lower than the rate wages are rising, that's nice for us because we can buy more for our money – what's called a boost to 'real wages'.

There are a lot of theories about why the inflation rate was so high in the first place – the main being that when the value of the pound fell after the Brexit vote (you can read more about that here if you're interested) it became more expensive for shops, manufacturers, etc to buy stuff from abroad and sell it in the UK, so they passed that burden onto you and me (the 'consumer') by increasing prices. So a fall in 'inflation' means the 'Brexit effect' could finally be waning. Then again, it's only actually been a month of lower rates, so who really knows

Read the full story (BBC News)

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Reader Comments

  • RW

    Your right to a degree. You mentioned “the wandering Jew”.

    I elaborate that the Jewish people, historically have tended to migrate almost exclusively to locations that are economically and culturally vibrant already. I would speculate that Jews have thrived in these places and have often improved the bounds of their economies and knowledge base.

    You can also ask; how many massive entertainment conglomerates, Nobel winners or billionaires has Isreal developed? If Jews are so capable, why isn’t Tel Aviv the Rome of our time?

    Jews are successful because they value education, maintain a strong social cohesive, they actively monitor and have a good sense for Zeitgeist wherever they are and they carefully choose the places they settle and congregate themselves heavily in these choice locations.

    But most importantly (haulocaust increased the importance of this aspect), they actually designed their culture for success. They not only attend Harvard, they use what they learned to better the group as a whole. With as much, they studied intricate networking systems, adapted to it and in many cases improved upon them. (See how Japan acquired Aegis warships and made them better).

    Of course there is nothing wrong with any of this. It’s when you elaborately gain disproportionate power in any society where you would stand out, you must take care when attempting to make a society better (Civil Rights movement) and rewriting that society all together (mass immigration). Ask blacks in China, Mexico, Philippines or India how much opportunity they have? Go to businesses owned by their American diaspora and see how many blacks they hire. Go to Silicon Valley and see how many East or South Asian tech workers wish they could work with more black people. California might work as a state, but as a nation, I think your rolling the nuclear dice here. I hope we can succeed as a tolerant pluralistic superpower but at this stage in human societal development, it’s a pipe dream.

    And if Jews really are the icon for success, they would see that fundamental human successes happen over generations. Just look at the rest of the planet? Are we ready?