Inflation Will Tumble In 2023. Deflation Is Possible In 2024. And None Of That Is Down To Any Government Policy Or Action.

7th January 2023

Richard Murphy's blog on 6 January 2023 points out that inflation will fall and he sets out the reasons why it is not down to any government policies.

First, there is simple arithmetic. Inflation is a measure of the change in prices, and not of absolute price levels. So it compares prices in a month with the prices of similar commodities a year earlier and the overall weighted difference is the inflation rate.

Check out the full blog entry HERE

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