You can't have missed the recent announcement of the April 2008 Consumer Prices Index - "up to 2.5% unchanged from February and the all price Retail Price Index rose by 3.8% down from 4.1% in February" (Office of National Statistics - "First release: Consumer price indices, March 2008"). Down?! Are they sure? At least that was the reaction of most of my clients and many others I spoke to or heard phoning disbelievingly to Radio 5 Live. I have to say I shared their surprise so I decided to investigate. It would appear that the largest downward contribution came from "furniture, household...
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