+ + + UK Dec CPI Posts Largest Jump On Record to 2.9% + + +

Annual consumer price inflation increased by its greatest ever amount in a single month in December, that is well well above the Bank of England’s 2.0% target and consensus economist’s expectations that it would come in nearer 2% today.

Get your wheelbarrows out, stock up on gold and baked beans. Here comes inflation…

See also : Coming Soon : Double Digit Inflation, Double Digit Inflation is a Black Swan, Bank of England Pension Fund Surges Betting on Inflation, Yo Dude, Where’s the Deflation?


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In response to the news that Emily Thornberry described the Lib Dems as “like the Taliban” over their new revoke Article 50 Brexit policy, the former Lib Dem leader responded:

“Come on Emily, if we really were like a Middle East terrorist group, don’t you think Jeremy would’ve invited us to a conference fringe meeting before now?”

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