15 June 2011


Man cannot live on plums alone. The Independent reports:

Plums were one of the few items exerting much downward pressure on inflation last month as a widespread increase in the price of food offset a seasonal drop in the cost of air travel, according to the Office for National Statistics (ONS).

The annual rate of inflation, measured by the consumer price index, stabilised at 4.5 per cent in May – which was identical to the rate in April, the ONS said. The older retail price index, which includes mortgage bills, was also unchanged, at 5.2 per cent.

Come on, Mervyn - stick up the base rate by at least half a percentage point.

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