Deflation my arse!

CPI is only up by 2.9% so its all good until you look in the details :

• Fruit 6.8%
• Housing repair materials 8.6%
• Electrical appliances 12.3%
• Car Insurance 22.4% (who said bankers were greedy?)
• Household insurance 12.7%
• 2nd hand cars 15.8%

So with the pound scraping along the bottom, scrappage schemes boosting 2nd hand car prices and insurers collecting their pound of flesh its a dear old game.

On a brighter note, knickers were still down in December although by not as much as last year – probably due to the cold weather!