Inflation13 May 2023 19:36
Bearing in mind inflation is the root cause of where the nex SP is, should we believe all the media hype? Inflation was high last year, but what is STILL going up in price?
We actually have deflation from what I’m seeing. Diesel is now £1.38 at my local garage, down from £1.75 ish last year, wholesale gas prices plummeted, supermarkets reporting price cuts to milk, bread & butter in the last few days.
Yes, a lot of food products have gone up, but are they still? I don’t think so. When it feeds through to the data, nex SP will rocket.