Why Is Inflation So Low? - speech by Richard Lambert
Inflation as measured by the Consumer Price Index ran at just 1.1 per cent in the year to September, close to the lower threshold which would demand an open letter to the Chancellor of the Exchequer.
Published on
25 October 2004
This is despite rapid increases in the price of oil and other commodities, and a period of above average growth in the UK economy.
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