Inflation

lgarside Registered Posts: 122 Dedicated contributor 🦉

October 2008 edited June 18 in AAT member discussion

Can someone explain what it means when inflation should be running at 2% does this mean it should increase by 2% each month or 2% each year?

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Comments

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  AdamR Registered Posts: 654 Epic contributor 🐘

  October 2008

  I think it's for a year - I quote this report http://www.statistics.gov.uk/pdfdir/cpi1008.pdf where it says:
  "In the year to September, the
  consumer prices index (CPI)
  rose by 5.2 per cent, up from
  4.7 per cent in August."
  
  Hope this helps

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