Oh nooooo!!!!!
Inflation is down.
The BBC’s major narrative that the economy is tanking with rising inflation and consumer retreat #duetobrexit has been busted. This morning we were assured that inflation would at least remain at the dramatic and sensational highest level it has been at for four years….2.9%….and we would all die miserable, poverty stricken deaths…saved only by the hard work and sacrifice of immigrant workers.
Oh noooooo!!!!
It’s actually a mere 2.6%….and the average inflation figure since 1989? 2.58%. So pretty much the norm as pointed out by us recently…..
Inflation Rate in the United Kingdom averaged 2.58 percent from 1989 until 2017, reaching an all time high of 8.50 percent in April of 1991 and a record low of -0.10 percent in April of 2015.
If you want news then the BBC is not the place to go. If you want mere views, prejudice, partisan reporting and propaganda then the BBC is the place for you.
The BBC coverage of the inflation rate was typical of how it tries to fashion the news agenda rather than honestly report the news . From early morning , the line taken was to second guess what the figure would be rather than wait until the announcement. Moreover the BBCs pre- announcement figure was one designed to support its false narrative that the Brexit vote has caused inflation to rise through a devaluation of sterling ( which in fact began months before the referendum and has since been partly reversed). The wording used by the BBC was especially sly, saying that depreciation happened ‘ both before and after the brexit vote’ thus attempting to create a false causal link.
Humphries’ leading post-news piece on Today was all about the supposed 3 per cent inflation rate . How stupid this soon looked!
The BBC also obsesses about how wage inflation is less than the RPI so that people are ‘worse off’. This in itself is tendentious , moreover if the BBC and Its friend Corbyn got their way and wages began to outstrip inflation we would simply go back to a 1970s wage- price spiral.