Take out the 'baccy tax, and there's no real price inflation
It turns out you can solve the problem of minimal inflation – if, that is, you think this is a problem.
It turns out you can solve the problem of minimal inflation – if, that is, you think this is a problem.
You simply hike taxes.
That is one, admittedly simplistic and indeed wrong, interpretation of the latest consumer prices index data, released this morning.
Quarterly price inflation is up 0.2%
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Rob Hosking
Mon, 18 Apr 2016
Mon, 18 Apr 2016
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Take out the 'baccy tax, and there's no real price inflation
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