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.
We use necessary cookies to make our site work (for example, to manage your session). We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies.
Necessary cookies
Analytics cookies
Yes
Yes
Yes
No
Necessary cookies
Necessary cookies enable core functionality on our website such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.
Analytics cookies
We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. For more information on how these cookies work please see our Cookie policy.
Press release