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Goodbye deflation, hello low-flation

16 June 2015 11:12

Reports of deflation’s death are exaggerated – sure, the CPI index has risen from -0.1pc in April to +0.1pc in May. But many important things are still getting cheaper: food, for example, costs… Continue reading

Image: Getty

Inflation is now below zero – just rejoice at that news

19 May 2015 12:15

After a couple of months of teasing the rate of inflation fell below zero to -0.1 per cent in the year to April, thanks largely to the falling costs of… Continue reading

Image: Getty

At last, shopping is getting cheaper. Let’s not look this gift horse in the mouth

14 April 2015 10:06

‘The economy has entered deflation,’ announces the BBC news presenter, as if this was a kind of recession. Au contraire. Shopping bills are shrinking, and this is unalloyed good news. The cost… Continue reading

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What cost of living crisis? CPI inflation falls to zero for first time on record

24 March 2015 9:41

So much for Ed Miliband’s ‘cost of living crisis’. UK inflation, as measured by the CPI index, has just fallen to zero (pdf). Even this figure masks better news: food prices are… Continue reading

Artisanal Beer Brewers Find Growing Niche In Berlin

Muscly hipsters force ONS to change its basket of goods

17 March 2015 13:17

The Office for National Statistics has updated its basket of goods that it uses to measure inflation, and has added some amusingly middle class items in, including sweet potatoes, liver… Continue reading


Inflation sinks to a record low — and is set to fall even further

17 February 2015 12:50

Inflation fell to 0.3 per cent in January, the lowest level since records began in 1989. As the above chart shows, the government’s target of two per cent CPI inflation… Continue reading

(Photo: Getty)

The European market hangover – bad news is bad news again

17 October 2014 14:04

In the latest Spectator, Liam Halligan takes a sobering look at European markets bearing the brunt of sanctions against Russia. ‘The western economy that’s suffered most, by far, is the… Continue reading


The Spectator’s portrait of the week

15 October 2014 19:58

Home Checks began at British airports for passengers who might have come from west Africa with Ebola fever (even though there are no direct flights from the countries most affected).… Continue reading

Source: ONS Consumer Price Inflation, 19 August 2014 and OBR Economic and Fiscal Outlook March 2014

Inflation down, Osborne up

19 August 2014 12:08

David Cameron is back on holidays again, this time to Cornwall. He missed a trick. His economic recovery is making the pound strong and, ergo, the continent cheap for British… Continue reading

Image: Getty

Inflation rises – should the coalition be worried?

20 May 2014 11:23

Inflation has risen for the first time in ten months, with the consumer prices index growing by 1.8 per cent in the year to April 2014, up from 1.6 per… Continue reading

Bank Of England Cut Interest Rates To All Time Low

Inflation falls again

15 April 2014 10:06

Wages in the private sector are now rising faster than inflation. The latest CPI inflation figures show that it now down to 1.6 per cent, comfortably below the Bank of… Continue reading

Ed Miliband. Image: Getty

Today’s inflation fall means the Tories can have their interest rate cake and eat it too

25 March 2014 12:18

Today’s inflation figures bring more good news for the government. CPI inflation is now down at 1.7 per cent, the lowest rate in four years and below the Bank of… Continue reading

David Cameron has got into trouble over not knowing the price of value bread.

Women think that David Cameron is out of touch for good reason

1 October 2013 18:50

Well, the great breadmaking debate hots up. David Cameron neatly sidestepped the heffalump trap that Nick Ferrari put in his path in an interview on LBC when he asked him… Continue reading

Image: Getty

What use is a GDP recovery if living standards are stagnant?

4 September 2013 15:14

Labour had better get used to headlines of economic upgrades. There’s about two dozen major forecasters out there, and each will take a turn to say that Britain’s doing better… Continue reading

Image: Getty

Why the happy Tories can’t relax after Labour’s bad summer

13 August 2013 20:58

Last December, after one of the most brutal PMQs this Parliament has seen, David Cameron was walking through the corridors of the Palace of Westminster to address a 1922 Committee… Continue reading

Chris Bryant is in hot water over his allegations about Tesco and Next. (SEBASTIEN BOZON/AFP/Getty Images)

AUDIO: Chris Bryant’s car crash Today interview puts more pressure on Ed Miliband

12 August 2013 9:14

Listen to Chris Bryant’s disastrous interview on Today earlier today: listen to ‘Chris Bryant on immigration and employment’ on Audioboo Chris Bryant, the shadow borders and immigration minister, is under… Continue reading

Mark Carney has said that rates will be held until unemployment reaches 7 per cent. (JASON ALDEN/AFP/Getty Images)

Interest rates set to stay low for the foreseeable future

7 August 2013 11:20

Mark Carney made his mark this morning. Moments ago, he opened his inflation report and issued his ‘forward guidance’, which is designed to make the markets aware of his long-term plans… Continue reading


Inflation falls: but will voters notice?

21 May 2013 12:49

Today’s drop in inflation is good news for the government. The Consumer Prices Index grew by 2.4 per cent in the year to April 2013, down from March’s 2.8 per… Continue reading


Matt Hancock vows to fight low pay, but fails to emphasise the importance of low inflation

27 March 2013 12:10

Matt Hancock, the business and skills minister, addressed the Resolution Foundation’s low pay debate this morning, an indication of how seriously the Tories are taking the rising cost of living.… Continue reading

Mark Carney's arrival at the Bank of England will have far greater significance than yesterday's Budget. Picture: Getty

Forget beer and petrol: will MPs debate monetary policy today?

21 March 2013 10:40

MPs are debating the detail of the Budget today, and will doubtless pick over some of the lines from George Osborne’s round of interviews this morning, particularly the confusion over… Continue reading

Labour's opposition to today's welfare bill doesn't sit well with their support of public sector pay cuts. Picture: Getty Images

Ed Balls reverses over his own progress on fiscal responsibility

8 January 2013 13:56

The battle-lines over the Welfare Benefits Up-rating Bill — which faces its second reading in the Commons this afternoon — have been drawn. Labour has tied its opposition to the… Continue reading

Graphic: Carla Millar

Employment has recovered from the recession, but wages haven’t

14 November 2012 15:00

Today’s employment figures don’t contain much new to shout about. The number of people in work — although it rose by 100,000 on the previous quarter — is actually down… Continue reading

Inflation up to 2.7%

Tuition fees push inflation back up to 2.7%

13 November 2012 10:07

After falling to 2.2 per cent in September, inflation — as measured by the Consumer Prices Index — rose to 2.7 per cent in October. On the Retail Prices Index,… Continue reading

Ed Davey will make a statement to the House later today on allegations of price fixing in the wholesale gas market. Image: Getty.

Government responds well to energy price fixing claims

13 November 2012 9:17

It is a busy day on the economic front, with new inflation figures (which are expected to show an increase) to be released at 9.30am and Ed Davey, the energy secretary,… Continue reading


Inflation falls to 2.2%

16 October 2012 11:02

Inflation in the year (on the Consumer Prices Index) to September was 2.2 per cent, down from 2.5 per cent in August. On the Retail Prices Index, it was 2.6… Continue reading