Post # 7: summary from a career-related article from The Guardian

Inflation falls to lowest in five years


This article talks about the current situation of the United Kingdom economy, especially of one of the most important items in this matter; inflation.
It says that this indicator has fallen to the lowest rate in the last five years, and with it, the prices of the energy mainly.
An Organization called Office for National Statistics (ONS), dedicated to identify the changes of the economy and the main indicators of it, discovers that the CPI (Consumer Prices Index) dropped to 1.1% in September, compared with the same date of the last five years, fell from 1.6% to august. This circumstance is the lowest in the last five years.
This situation was because the electricity and the gas bills fell in their prices.
And with this, some people with relation of the matter talks about this situation.
Amit Kara, specialist in economics at UBS said that this situation coincides with the expansive monetary policy.
But the other opinions of this situation said that this is only temporal, and with the rise of the prices of other things, the CPI will increase again. For example, the petrol and the clothing are very unstable in their prices.
The complete price of the basket of goods and services with the intervention of the ONS stills with no change, because the rise of some things was compensated for the fell of others.
Finally, the British Chambers of Commerce said that the confidence of the economy is better, but with the actual crisis is still fragile.

Source: http://www.guardian.co.uk/business/2009/oct/13/inflation-lowest-five-years