This should be my last column on the current inflation hoodwinking, which I hope has been helpful.
It has, and will be used for political measures, so watch out for that in the near future. It’s an easy trick to use, and easily missed, so bear this in mind when you are looking at your future mortgage rates and whether to fix it or not.
Let me explain: Inflation is calculated as a year-on-year number. So, 12 months from now, if prices had risen by one per cent in that time, inflation for that year was 1%.
