SIMON RAWLINSON ON ... INFLATION

摘要

Last week not only saw publication of the latest CPA output forecast -signalling falling output until 2012, but also some unwelcome news from the high street, with the British Retail Consortium reporting its poorest sales figures in 16 years - down 3.5% like for like on March 2010. BRC's data illustrates the perils of relying on single points of data - March 2010 had been a particularly good trading month because of an early Easter - but the data illustrates the challenges for the economy, barely two weeks into the new austerity programme.