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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (44219)	6/19/2003 1:01:33 PM
From: IQBAL LATIF	Read Replies (1) of 50167

The end of deflation;;;... We had expected to report the end of High Street deflation today, but it will have to wait another month. Tuesday's RPI data showed rising inflation in food and household goods and less deflation in clothing & footwear - enough, we had calculated, to take inflation as measured by the retail sales deflator into positive territory. It was not to be. On this measure prices fell in May and are still lower - just - in annual terms. But the trend is there for all to see. Just as global concerns reach a heightened state, deflation is about to disappear from the UK High Street.

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