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Deficit Spending and Negative Real Rates Keep UK Inflation Elevated.
#cpi #inflation #interestrates #costofliving
Today we will look at the real forces behind inflation and why it is a deliberate government policy.
We will go over the CPI, RPI, and the public sector net borrowing requirement for the month of May.
The conclusion for the day is that unless the Bank of England aggressively raises rates and the government stops its profligate spending we will continue to see the cost of living rise.
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