Re: Inflation at 5.5%
The figure being quoted now is 5.2% for September and the newsreader stated quite clearly that it is this September’s figure that will govern the level of increases next April.
It will be interesting to discover how B & D will wriggle out of it, because surely they will somehow and we will get just 2%. Or in view of the financial climate there will be a freeze on increases.
I can’t remember who it was who introduced this scheme but September was chosen because traditionally it was the month were inflation was always at its lowest for the year.
It would be far fairer if the average inflation for the previous year were used. But then fair is not a word that is in the government’s vocabulary.
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