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20 May 2015
UK deflation temporary – Blueprint Capital
FXStreet (Barcelona) - The Blueprint Capital FX team, mentions that economists suggest the UK deflation phase might be temporary.
Key Quotes
“Deflation in the UK has finally arrived for the first time since the 1960s, with the year-on-year change in the consumer price index (CPI) coming in at -0.1 per cent for April. However, UK economists are almost unanimous in predicting it will be temporary, as is a bullish chancellor George Osbourne, who stated ‘today we see good news for family budgets, with prices lower than they were a year ago and should not be seen as damaging to the overall economy’. We shall see!”
Key Quotes
“Deflation in the UK has finally arrived for the first time since the 1960s, with the year-on-year change in the consumer price index (CPI) coming in at -0.1 per cent for April. However, UK economists are almost unanimous in predicting it will be temporary, as is a bullish chancellor George Osbourne, who stated ‘today we see good news for family budgets, with prices lower than they were a year ago and should not be seen as damaging to the overall economy’. We shall see!”