There was
relatively good news for consumers in the Eurozone last week. Data released for
the consumer price index (CPI) during October showed that the rate of inflation
fell from 1.1 percent to 0.7 percent. At
a time when unemployment is high and increasing and taxation is on the rise,
this brings some small relief to cash-strapped households whose real disposable
incomes have been in decline for at least 5 years. It’s only a small relief.
The CPI is designed in such a way as to deliberately exclude key consumer
necessities like food and energy which, if included, would push the measured
price inflation rate higher…..To Read More….
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