Inflation breaks the 5% barrier
Posted October 21, 2008on:
I blame the re-weighting for the difference 😉
Note it will not stay over 5% for long – underlying “true” inflation (stemming from inflation expectations and its impact on the quantity of money) is closer to 3.5%. Although I would like to point out that non-tradable inflation is horrendous at 4.1%pa – horrendous!