November 10, 2004
Surging Net sales impacts U.K. inflation... or not.
The Bank of England has been puzzled why inflation is so low--it fell to just 1.1 percent in September--given soaring gasoline prices, record low unemployment and the longest period of uninterrupted economic growth in 200 years.
This would probably have a lot to do with a combination of rising interest rates and ludicrously high house prices... people just don't have the extra money, which forces retailers to keep prices down.
Posted in: Retail
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