UK inflation 3.2%
March 24, 2009 at 08:50 AM EDT
[Skip to the end] Looks to me like the theory that a large output gap/high unemployment will control ‘inflation’ (for anything more than the very short term) is about to fall by the wayside, just like the theory that a small output gap would cause higher inflation fell by the wayside in the late 90’s. UK Inflation [...]