Spud on inflation

But that said, the index has fallen. I cannot deny that this is the reported data. However, I should draw attention to three things.

The first is that this is backwards-looking information. It records what has supposedly happened (and I use the word supposedly very wisely, because these things are subject to revision), and it does not imply what will happen.

So recorded past inflation is to be noted as recorded past inflation is it?

Well I never.

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