In November 2011 CPI inflation was measured at 4.8% this was down from October where it was 5%. The downward pressures came from food, petrol and clothing falls. However, there were increases in the cost of domestic heating and. Whilst prices were rising, wages were not. This article HERE explains some of the pressures households faced.
Things to think about:
What would be the impact on consumer confidence? Business confidence and on Aggregate Demand?
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